Picture of Hapag-Lloyd AG logo

HLAG — Hapag-Lloyd AG News Story

0.000.00%
de flag iconLast trade - 00:00
IndustrialsSpeculativeLarge CapHigh Flyer

Hapag-Lloyd says US plans to block Hormuz difficult to assess

BERLIN, April 13 (Reuters) - Germany's Hapag-Lloyd HLAG.DE said on Monday that it is difficult to assess what effect U.S. President Donald Trump's plans to block the Strait of Hormuz would have on shipping.

"What's important is that passage through the Strait of Hormuz be restored as soon as possible," said a company spokesperson in an emailed statement.

From Hapag-Lloyd's view, as long as there are mines, passage is not possible, and in addition, insurance for passage is also difficult to obtain at this time, added the spokesperson.

 (Reporting by Christoph Steitz, Writing by Miranda Murray, Editing by Linda Pasquini)

 ((Miranda.Murray@thomsonreuters.com;))

Recent news on Hapag-Lloyd AG

See all news