Hormuz flare-up forces Maersk, Hapag-Lloyd to swallow $600 M cost hit despite higher freight rates
A Hormuz disruption added roughly $600 million of extra expenses for Hapag‑Lloyd and pushed Maersk’s bunker fuel bill 36% higher to $2.1 billion, even as both carriers lifted freight rates by up to 22%. The squeeze tests whether shippers can pass rising costs downstream or absorb them.