Hapag Lloyd (HLAG GY) CEO expects high additional costs of USD 40-50mln a week due to the blockade of the Strait of Hormuz, via RTL/NTV Interview

Newsquawk StaffPublished 25 Mar 2026, 12:30 UTC

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Hapag Lloyd (HLAG GY) CEO expects high additional costs of USD 40-50mln a week due to the blockade of the Strait of Hormuz, via RTL/NTV Interview

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The CEO of Hapag Lloyd has indicated that the blockade of the Strait of Hormuz is expected to incur additional costs of USD 40-50 million per week, which will ultimately be passed on to customers. This situation highlights potential pressures on shipping rates and could impact logistics sectors broadly, particularly if sustained over time, warranting close attention on related stocks and markets.

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