BERLIN, Aug 13 (Reuters) - Hapag-Lloyd ( HLAGF ), one of the
world's top container shipping companies, said on Thursday that
the conflict in the Middle East, with the closure of the Strait
of Hormuz, cost the group $600 million in the second quarter,
weighing on its earnings.
Net profit came in at $83 million, down from $306 million a
year earlier, as strong exports from Asia and improved demand in
the United States only partly offset problems in the Middle
East, the Hamburg-based company said.
* "The second quarter was better than the first, driven by
significantly higher spot rates and robust demand," CEO Rolf
Habben Jansen said.
* In its Liner Shipping segment, EBIT fell to $153 million
from $167 million, on additional costs for bunker, insurance,
storage, rerouting and inland transportation after the closure
of the Strait of Hormuz.
* "In the second half of 2026, we will remain focused on
growing both our liner shipping and terminal businesses while
maintaining strict cost discipline to further improve our
financial performance," Habben Jansen said.
* Hapag-Lloyd ( HLAGF ) said its outlook, which the company raised in
July, remains subject to considerable uncertainty due to the
highly volatile freight rates.