Hapag-Lloyd, the German giant shipping company, has despite the coronavirus pandemic, reported their first quarter profit for 2020 increased by 6%. Higher transport volumes and better freight rates boosted their situation. Hapag-Lloyd will adjust their service network based on demand and seek savings in all cost categories, from terminal, transport, equipment and network costs to overhead. They have a fleet of 248 containerships and a capacity of 1.7 million TEU. Hapag-Lloyd employs 13,000 people, has 394 offices in 129 countries. They are one of the leading operators in the transatlantic, Middle East, Latin America and intra-America trades.