Habaj Lloyd: Middle East unrest costs 600M in Q2
The conflict in the Middle East and the closure of the Strait of Hormuz resulted in a loss of approximately $600 million for Hapag-Lloyd during the second quarter of 2026, putting pressure on its financial results, as net profit declined to $83 million compared to $306 million in the previous year. Nevertheless, strong exports from Asia and improved demand in the United States helped to mitigate some of the negative impacts. The second quarter saw an increase in shipping rates, which supported performance, but additional costs for fuel and insurance, as well as delayed operations, led to a decline in operating profit to $153 million. The company expects a return to normal shipping activity within 6 to 8 weeks, with ongoing market uncertainty due to regional developments, and estimates the additional costs of the crisis at around $50 to $60 million per week.
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