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Hapag-Lloyd launches new triple-digit million cost reductions due to coronavirus

Hapag-Lloyd is in the process of strengthening its liquidity due to the lower demand in the container market in light of the coronavirus crisis. The shipping company aims to bag a triple-digit million figure in addition to the ongoing cost reduction plan, says CEO Rolf Habben Jansen.

Photo: PR / Hapag-Lloyd

German container shipping line Hapag-Lloyd now launches significant cost reduction measures at the group in order to be able to withstand the deep downturn in the container market following the coronavirus.

At a teleconference held Wednesday, CEO Rolf Habben Jansen took stock of the year so far, before Hapag-Lloyd next week presents its interim report for the first quarter.

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