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Container shipper Hapag-Lloyd takes $600 million hit from Middle East crisis
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Container shipper Hapag-Lloyd takes $600 million hit from Middle East crisis
Aug 13, 2026 1:29 AM

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.

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