Hapag-Lloyd CEO says company needs to address cost basis
"We need to put more and more emphasis on the competitive cost structure a little earlier, certainly (that is) a priority over the next 12 to 18 months," said Chief Executive Rolf Habben Jansen in a call with analysts.
The company expects to achieve savings of $1 billion by 2026, roughly half of which will come as the Gemini deal will begin to pay off, he said.
(Reporting by Vera Eckert, editing by Miranda Murray)
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