Hapag-Lloyd Targets Cost Cuts of 20% Per Container by 2030

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 [e-mail]

(END) Dow Jones Newswires

04-16-24 0630ET