HAPAG-LLOYD HIT WITH $60M WEEKLY COSTS FROM HORMUZ DISRUPTION Shipping giant Hapag-Lloyd says the Strait of Hormuz disruption is costing th…
HAPAG-LLOYD HIT WITH $60M WEEKLY COSTS FROM HORMUZ DISRUPTION
Shipping giant Hapag-Lloyd says the Strait of Hormuz disruption is costing the company up to $60 million per week.
CEO Rolf Habben Jansen said higher fuel costs and rerouting cargo by truck and rail are driving the increase, adding that freight rates will likely rise to offset expenses.
The company also reported a quarterly loss of €219 million and said four of its vessels remain stranded in the Persian Gulf amid ongoing regional tensions.
More from Walter Bloomberg
- Sat, 23 May 2026 18:28:33 GMTIRAN AND PAKISTAN HAVE SENT REVISED OFFER TO US TO TERMINATE CONFLICT, OPEN STRAIT OF HORMUZ, TWO PAKISTANI SOURCES AWARE OF NEGOTIATIONS S…
- Sat, 23 May 2026 18:27:33 GMTUS RESPONSE TO LATEST PROPOSAL EXPECTED BY SUNDAY, TWO PAKISTANI SOURCES AWARE OF NEGOTIATIONS SAY
- Sat, 23 May 2026 18:04:32 GMTTHE INTERIM DEAL TO END THE CONFLICT TAKES BOTH THE SIDES TO WHERE THEY WERE TOO CLOSE TO STRIKE A DEAL IN ISLAMABAD TALKS - PAKISTANI OFFI…
- Sat, 23 May 2026 17:08:29 GMTAN MOU IS BEING FINE TUNED TO END US-IRAN WAR - PAKISTANI SECURITY OFFICIAL
- Sat, 23 May 2026 16:29:27 GMTTRUMP TO HOLD A CALL ON SATURDAY WITH LEADERS FROM SAUDI ARABIA, QATAR, UAE, EGYPT, TURKEY AND PAKISTAN
- Sat, 23 May 2026 15:57:26 GMTRUSSIA IS PREPARING A STRIKE AGAINST UKRAINE USING "ORESHNIK" MISSILE, ZELENSKIY SAYS, CITING INTELLIGENCE FROM UKRAINE, U.S. AND EUROPE
- Sat, 23 May 2026 15:56:25 GMTTRUMP SAYS U.S., IRAN ARE "GETTING A LOT CLOSER" TO FINALIZING AGREEMENT, ACCORDING TO CBS INTERVIEW
- Sat, 23 May 2026 15:45:25 GMTTRUMP SAYS ODDS OF IRAN DEAL OR STRIKES ARE ‘50-50’: AXIOS TRUMP TO MEET ENVOYS, MAY DECIDE ON IRAN ACTION BY SUNDAY: AXIOS PROPOSED U.S.-I…