Hormuz Disruption Cuts Both Ways for Maersk and Hapag-Lloyd

The disruption in the Strait of Hormuz is proving both costly and profitable for container shipping, with Gemini Cooperation partners Maersk and Hapag-Lloyd reporting sharply higher operating costs alongside stronger freight rates and demand.

Maersk on Thursday raised its full-year earnings guidance after a strong second quarter, while Hapag-Lloyd reported an earnings recovery from a difficult start to the year despite absorbing around $600 million in additional costs related to the Middle East conflict.

The results offer an interesting look at how the Hormuz disruption is playing out for two carriers operating within the same network. Rerouting ships and cargo is