Hapag Lloyd has cancelled services to control costs

<p>Hapag Lloyd has cancelled services to control costs -CEO</p><p><a href="https://piqsuite.com/reuters/hapag-lloyd-has-cancelled-services-to-control-costs-ceo" target="_blank" rel="nofollow">FULL STORY</a></p><p>The chief executive of Hapag-Lloyd, the world's number five container line, on Thursday said the company has cut services on key global routes in order to rein in costs amid a decline in freight rates that weighed on its nine-month profits.</p><p>"We have cut one of five (South East Asia) sailings to North Europe and have taken out one of six services to East Coast United States,"</p>

This article was written by Ryan Paisey at www.forexlive.com.