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
- Developments in Middle East will not accelerate return to Suez Canal.
- Impact of US tariffs has been limited in recent months.
Context
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. 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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