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The Hapag-Lloyd shipping company is responding with a harsh austerity program to the turmoil caused by the new corona virus in maritime traffic.
A recently launched program should cut short-term costs by an average triple-digit amount, said CEO Rolf Habben Jansen, the “Frankfurter Allgemeine Zeitung” (Monday). “We are analyzing our entire cost structure and preparing a great package to reduce our expenses and guarantee liquidity.”
The focus is mainly on the fleet, which will be adjusted significantly, writes the “FAZ”. Hapag-Lloyd is reducing capacity on some major routes, for example between Asia and Europe, by as much as 20 percent. This is accomplished, among other things, by the world’s fifth largest shipping company that returns a “clearly two-digit number” of charter ships, Habben Jansen told the newspaper. “TO Job cuts Currently not planned. If the situation worsens significantly, I cannot give any guarantee that it will continue. “
Hapag-Lloyd currently has enough liquid funds to overcome the crisis, Habben Jansen said. However, the shipping company had drawn up emergency plans to guarantee an additional liquidity of 300 to 500 million euros through loans in the worst case.
/ wsz / DP / my
HAMBURG (dpa-AFX)
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