‘The only way to survive is take out cost’ — Hapag-Lloyd chief
Rolf Habben Jansen says he expects a ‘small double-digit percentage’ drop in container volumes during the second quarter, following predictions of a much sharper drop by Maersk chief executive Søren Skou earlier this week. The head of the German carrier does though share confidence that his company too is well positioned to weather the headwinds posed by coronavirus
Taking costs out of the system early has put Hapag-Lloyd on a firm footing in the second quarter as it looks to ride out the pandemic, according to Rolf Habben Jansen
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Hapag-Lloyd expects significant headwinds in the second quarter of the year because of the coronavirus pandemic, but says its earnings forecast for 2020 remains
A recovery in demand could be seen as early as the third quarter, says Rolf Habben Jansen
While the impact of the coronavirus pandemic will be felt across the industry, some will be better able than others to ride out the storm
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