BRIEF-Hapag-Lloyd Expects At Least Three Months Of Further Disruption After Hormuz Reopening

- Hapag-Lloyd HLAG.DE CEO in customer call:

  • UNCLEAR WHEN STRAIT OF HORMUZ WILL OPEN UP AGAIN; EVEN AFTER THIS NORMALISATION WILL TAKE TIME

  • THE LONGER THE CRISIS TAKES, THE LONGER NORMALISATION WILL TAKE - AT THIS MOMENT IT WOULD BE AT LEAST THREE MONTHS

  • THERE WILL BE RETHINKING OF WAYS TO SERVICE GULF REGION LONG-TERM AFTER A REOPENING OF HORMUZ, BUT A LOT WILL GO BACK TO WHAT IT WAS BEFORE THE IRAN WAR

Further company coverage: HLAG.DE