Hapag-Lloyd Plans to Resume Shipping Through Strait of Hormuz Amid Ceasefire
Hapag-Lloyd has expressed cautious optimism about resuming shipping operations through the Strait of Hormuz following a two-week ceasefire agreement between the U.S. and Iran. The company anticipates that normal traffic throughout its network will take six to eight weeks to resume. CEO Rolf Habben Jansen highlighted the need for more security assurances despite the ceasefire, noting that the conflict in the Middle East continues to disrupt shipping and supply chains. Hapag-Lloyd plans to open bookings for the upper Gulf area, initially for selected markets, if the ceasefire holds. The company faces additional costs from the crisis, estimated at $50 million to $60 million per week, which may be passed on to customers. Approximately 1,000 ships remain stuck in the region, including six from Hapag-Lloyd. 
