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Hapag-Lloyd aims to save at least another USD 400 million in 2020

Hapag-Lloyd has so far described its extraordinary cost reductions in 2020 due to the coronavirus as a plan totaling a "triple-digit million dollar figure". New information shows that the figure will total at least USD 400 million.

Photo: Hapag-Lloyd
BY

Hapag-Lloyd CEO Rolf Habben Jansen is looking to bag a sizeable figure through savings alone in 2020 to offset the effects of the coronavirus pandemic.

So far the shipping line has said that it will be a "triple-digit million dollar figure", but new information shows that the company will slash its costs by at least USD 400 million this year.

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