Hapag-Lloyd Targets Cost Cuts of 20% Per Container by 2030
Provided by
Dow Jones
By David Sachs
Hapag-Lloyd outlined new targets to slash costs and emissions by 2030.
The German shipping company wants to cut costs by 20% per container, CEO Rolf Habben Jansen said Tuesday during a press conference about its strategy for rest of the decade.
Jansen said the company will use bigger ships, which bring down individual shipping container costs, and limit fuel expenses by sailing slower. He added that Hapag-Lloyd can increase productivity faster than inflation.
The firm plans to cut its carbon emissions intensity by 50% by 2030, Jansen said. Previously, the company had targeted a 30% decrease.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
April 16, 2024 06:30 ET (10:30 GMT)
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