Some Shipping Lines May Not Survive Downturn, Hapag-Lloyd Chief Says

Some container shipping companies may collapse if the global trade downturn stemming from coronavirus lockdowns extends to the end of the year or beyond, the head of Germany’s biggest shipping company said. “The shape of the recovery is very uncertain,” Hapag-Lloyd AG Chief Executive Rolf Habben Jansen, said in an interview. “We are cutting costs …

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