How much did the Middle East crisis cost Hapag-Lloyd in Q2, and what was the impact on its net profit?

The Middle East crisis, specifically the closure of the Strait of Hormuz, cost Hapag-Lloyd $600 million in the second quarter, contributing to a sharp decline in net profit to $83 million from $306 million a year earlier.

What were the main drivers of Hapag-Lloyd's reduced EBIT in the Liner Shipping segment in Q2?

EBIT in the Liner Shipping segment fell to $153 million from $167 million due to additional costs for bunker, insurance, storage, rerouting, and inland transportation following the closure of the Strait of Hormuz.

Container Shipper Hapag-Lloyd Takes $600 Million Hit From Middle East Crisis

Aug 13, 2026

Hapag-Lloyd reported a $600 million second-quarter hit due to Middle East conflicts and Strait of Hormuz closures, cutting net profit to $83 million. Volatile freight rates and rising costs remain key risks for its financial outlook.

reuters

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