Hapag-Lloyd CEO says cutting costs as fuel prices rise

Hapag-Lloyd CEO says cutting costs as fuel prices rise
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders. “Major cost positions have risen more than initially expected and are pressuring operating margins,” CEO Rolf Habben Jansen said in Hamburg. “We are responding ... read more
Source: Shipping NewsPublished on 2018-07-11
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