Finance

Hapag-Lloyd says US plans to block Hormuz difficult to assess

Published by Global Banking & Finance Review

Posted on April 13, 2026

1 min read

· Last updated: April 14, 2026

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Hapag-Lloyd says US plans to block Hormuz difficult to assess
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BERLIN, April 13 (Reuters) - Germany's Hapag-Lloyd said on Monday that it is difficult to assess what effect U.S. President Donald Trump's plans to block the Strait of Hormuz would have on shipping. "

Hapag-Lloyd: US Plans to Block Strait of Hormuz Create Shipping Uncertainty

Impact of Strait of Hormuz Blockage on Shipping Operations

BERLIN, April 13 (Reuters) - Germany's Hapag-Lloyd said on Monday that it is difficult to assess what effect U.S. President Donald Trump's plans to block the Strait of Hormuz would have on shipping.

Company Statement on Strait Passage

"What's important is that passage through the Strait of Hormuz be restored as soon as possible," said a company spokesperson in an emailed statement.

Concerns Over Mines and Insurance

From Hapag-Lloyd's view, as long as there are mines, passage is not possible, and in addition, insurance for passage is also difficult to obtain at this time, added the spokesperson.

Reporting and Editorial Credits

(Reporting by Christoph Steitz, Writing by Miranda Murray, Editing by Linda Pasquini)

Key Takeaways

  • Hapag‑Lloyd highlights the dual obstacles of mine presence and insurance unavailability for Hormuz transit.
  • Shipping through the Strait of Hormuz has nearly halted despite ceasefire attempts, with traffic at a trickle—no more than 10–15 daily transits if stable.
  • Recent U.S. measures—destroying mine‑laying vessels and proposing a $20 billion reinsurance plan—aim to alleviate risk but haven’t restored confidence yet.

Frequently Asked Questions

What is Hapag-Lloyd's view on the US plans to block the Strait of Hormuz?
Hapag-Lloyd says it is difficult to assess the impact the US plans would have on shipping through the Strait of Hormuz.
Why is passage through the Strait of Hormuz currently restricted?
Passage is restricted due to the presence of mines, making safe transit and obtaining insurance difficult.
What is the key concern for Hapag-Lloyd regarding the Strait of Hormuz?
The key concern is restoring passage through the Strait of Hormuz as soon as possible for shipping operations.
How does the current situation affect shipping insurance?
Obtaining insurance for passage through the Strait of Hormuz is currently difficult because of the risks involved.

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