Hapag-Lloyd Plans to Resume Shipping Amid Middle East 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. CEO Rolf Habben Jansen stated that while the ceasefire is a positive development, the conflict in the Middle East continues to disrupt shipping and supply chains. The company anticipates that normal shipping traffic will take six to eight weeks to resume fully. Hapag-Lloyd is considering reopening bookings for the upper Gulf area, contingent on the ceasefire holding in the coming days. The company has estimated additional costs from the crisis at $50 million to $60 million per week, which may be passed on to customers. 
