Hapag-Lloyd Accelerates Cost-Savings Plan in Preparation for IPO

  • Forecast remains for `clearly positive' 2015 profit on merger
  • Third-quarter peak season uncertain on Asia `difficulties'

Hapag-Lloyd AG, Germany’s biggest container-shipping line, widened a cost-reduction target by $100 million and brought it forward by two years amid plans for an initial public offering in coming months.

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