Hapag-Lloyd faces $40-50 mln costs weekly due to Iran war, CEO says

Container shipping company Hapag-Lloyd faces additional costs of $40 million to $50 million a week due to the Iran crisis, its CEO was quoted as saying on Wednesday, citing higher fuel costs, insurance premiums, and storage charges for containers.For all the latest headlines, follow our Google News channel online or via the app. “We can’t just brush that off easily,” Rolf Habben Jansen told news broadcaster ntv, according to a statement. The extra costs will likely be passed on to customers, the CEO was quoted as saying. Read more:Projectile fragments hit Hapag-Lloyd container vessel near Strait of Hormuz

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