Hormuz cargo fee would be 'fundamentally wrong', Hapag-Lloyd says

July 14 (Reuters) - Charging fees for passage through international waters "would be fundamentally wrong", German shipping company Hapag-Lloyd HLAG.DE said on Tuesday after U.S. President Donald Trump said he would reinstate a naval blockade on Iran and charge 20% on all cargo shipped through the Strait of Hormuz.

The company told Reuters it could not reliably quantify the financial impact of tensions in the Gulf region on its business.


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