Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv

Published by Global Banking & Finance Review

Posted on March 25, 2026

1 min read

· Last updated: April 1, 2026

Add as preferred source on Google

Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv

Finance Banking Markets

Global Banking & Finance Awards 2026 — Call for Entries

BERLIN, March 25 (Reuters) - 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,

Hapag-Lloyd CEO: Iran Crisis Drives Weekly Costs to $40-50 Million

Impact of Iran Crisis on Hapag-Lloyd's Operations

Rising Operational Costs

BERLIN, March 25 (Reuters) - 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.

CEO's Statement on Financial Strain

"We can't just brush that off easily," Rolf Habben Jansen told news broadcaster ntv, according to a statement.

Implications for Customers

The extra costs will likely be passed on to customers, the CEO was quoted as saying.

(Reporting by Thomas Seythal; editing by Matthias Williams)

Key Takeaways

The war in Iran has sharply elevated operational costs—fuel, war‑risk insurance and container storage are the main drivers.
Maritime insurance premiums and fuel prices have surged since late February as the Strait of Hormuz has become effectively closed and risk premiums climbed by several-fold (en.wikipedia.org).
Longer transit routes around Africa plus war‑related surcharges are inflating costs; carriers like Hapag‑Lloyd are implementing explicit per‑container war surcharges (e.g. $1,500 per 20‑ft TEU) (wcshipping.com).

References

Frequently Asked Questions

Why is Hapag-Lloyd facing increased weekly costs?

Hapag-Lloyd is incurring higher weekly costs due to the Iran crisis, which has led to increased fuel charges, higher insurance premiums, and additional storage expenses.

How much additional cost is Hapag-Lloyd facing each week?

Hapag-Lloyd is facing additional weekly costs estimated between $40 million and $50 million.

Will these increased costs affect Hapag-Lloyd's customers?

According to CEO Rolf Habben Jansen, the extra costs will likely be passed on to customers.

What factors contribute to the increased costs for Hapag-Lloyd?

The increased costs are due to higher fuel expenses, increased insurance premiums, and additional storage charges for containers.

Who reported the statement from Hapag-Lloyd's CEO?

The statement was reported by news broadcaster ntv and sourced from a statement cited in Berlin.

More from Finance

Explore more articles in the Finance category

Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says

Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports

Germany's far-right AfD rises to record 28%, INSA poll shows

German government suspects Russia of Signal attack targeting politicians, sources say

Romania finds parts of second drone after overnight Russian attack on Ukraine

China condemns EU's inclusion of Chinese entities in sanctions package against Russia

Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war

Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages

France's Macron says EU mutual assistance clause is unambiguous

US to let Venezuela pay Maduro's lawyer in drug trafficking case

Italy votes down equal parental leave while fathers redefine their role online

German auto industry faces even tougher competition as China economy slows

View All Finance Posts

Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv

Hapag-Lloyd CEO: Iran Crisis Drives Weekly Costs to $40-50 Million