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Aug 13, 2026
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Hapag-Lloyd Takes $600M Hit

OBBM Network Editorial Staff
August 13, 2026
Hapag Lloyd Takes 600M Hit

Hapag-Lloyd, a top container shipping company, reported a $600 million loss in the second quarter due to the conflict in the Middle East and the closure of the Strait of Hormuz.

The company’s net profit decreased to $83 million, down from $306 million a year earlier, despite strong exports from Asia and improved demand in the United States.

CEO Rolf Habben Jansen stated that the second quarter was better than the first, driven by higher spot rates and robust demand. However, the company’s Liner Shipping segment saw a decline in EBIT to $153 million, due to additional costs for bunker, insurance, storage, rerouting, and inland transportation after the closure of the Strait of Hormuz.

Hapag-Lloyd remains focused on growing its liner shipping and terminal businesses while maintaining strict cost discipline to improve its financial performance.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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