Ocean freight volumes will be flat or lower this year, Soren Skou said in a Reuters Newsmaker interview.

U.S. consumers aren't buying as much as they did during the pandemic and confidence has been hurt by Russia's invasion of Ukraine, though there is still congestion in global supply chains, he said.

(Reporting by Jacob Gronholt-Pedersen and Terje Solsvik; Writing by Josephine Mason; editing by David Evans)