He says carriers are still changing routes, and higher costs are being passed on to consumers.
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Red Sea shipping diversions may last a few more months due to Houthi pirate attacks says Hapag-Lloyd CEO Rolf Habben Jansen.
He says carriers are still changing routes, and higher costs are being passed on to consumers.
Container shipping market continues to depend on Red Sea reroutings
In 2022, the Russian transport administration faces unprecedented logistics challenges: massive trade restructuring prompted by restrictive sanctions has necessitated urgent operational decisions to combine different routes through friendly and neutral countries. The biggest changes are expected in cargo turnover with Russia’s largest trading partners — the European Union and China