Maersk, Hapag-Lloyd shares fall after Gemini service resumes Suez sailings

Hapag-Lloyd AG

06/07/2026 12:46

** Shares in Maersk MAERSKb.CO drop 6% after the Danish shipping group said one of the services in its Gemini network with Germany's Hapag-Lloyd HLAG.DE will resume sailing through the Suez Canal 
** Hapag-Lloyd shares also fall around 3% after the announcement
** The joint decision comes following thorough assessments of the security situation in the Red Sea area, and marks a step towards a gradual return to the trans-Suez corridor, Maersk said 
** Morningstar analyst Ben Slupecki says Red Sea rerouting has benefited container carriers by "artificially reducing supply" and lifting shipping prices
** Carriers' margins are heavily correlated with freight rates, as many costs are fixed, allowing extra revenue to flow through to profits, Slupecki says
** "It is unsurprising that shares fall on the return, given that it reverses this effect," Slupecki says 
** Maersk shares are among the biggest fallers on the pan-European STOXX 600 index .STOXX
     
     
($1 = 6.5458 Danish crowns)

 (Reporting by Jesus Calero)
 ((jesus.calero@thomsonreuters.com))