Hapag-Lloyd (HLAG GY) CEO reiterates extra cost is around USD 50mln a week due to Middle East situation, and trying to pass some of that to customers
Hapag-Lloyd's CEO has highlighted a weekly cost increase of about USD 50 million due to the ongoing situation in the Middle East, indicating potential price adjustments for customers.
Israel Defense Minister Katz says Israel is prepared to renew the war against Iran, and the IDF is prepared for defense and attack and the targets are marked
US President Trump tells the BBC that the King's visit could help prepare UK relations
Hapag-Lloyd (HLAG GY) CEO reiterates extra cost is around USD 50mln a week due to Middle East situation, and trying to pass some of that to customers
US centcom has redirected 33 vessels since start of blockade
White House is to announce drug pricing deal with Regeneron (REGN)
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- Developments in Middle East will not accelerate return to Suez Canal.
- Impact of US tariffs has been limited in recent months.
This could pressure margins and affect customer demand, as businesses weigh the increased shipping costs against their bottom lines. Additionally, the mention of limited impact from US tariffs suggests a stable market environment, but the geopolitical factors remain a concern for operational costs.
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