Hapag-Lloyd is expecting the coronavirus pandemic to have a notable impact on 2020 container volumes.
The Rolf Habben Jensen-led owner and operator of 239 boxships has taken "additional precautionary financial measures" to offset the anticipated downturn after seeing a profitable 2019.
"We have — after a very good 2019 in which we improved profitability significantly and reduced debt more than planned — taken additional precautionary financial measures now to assure that even if the crisis persists longer than we expect today, we will be able to offer you the services...
