Hapag-Lloyd’s CEO sees “some signs” of industry improvement, but rates will take “a few quarters” to improved, “if at all”. This comes as China-based rates increased 1.2% on a four week basis vs. a year earlier. Industry revenues are improving, but only increased 0.9% in the third quarter vs. the second. They fell for six quarters before improving for the first time in 2Q – there’s still a long way to go in the industry’s recovery.