Streetbeat News

HLAGF

Hapag-Lloyd AG

https://www.hapag-lloyd.com/de/

CEO

Rolf Habben Jansen

Industry

Deep Sea Freight Transportation

Open

186.00

Mkt cap

31B

Volume

High

186.00

P/E Ratio

37.62

52-wk high

206.11

Low

178.32

Div yield

0.06

52-wk low

110.00

Houthi rebel attacks in the Red Sea have led to approximately half of the container-ship fleet rerouting to avoid the area, impacting 18% of global shipping capacity. This has resulted in increased travel time and operational costs, potentially inflating consumer prices. U.S.-led efforts are underway to enhance security. Kuehne & Nagel International AG's stock (KHNGY) has risen 20%, while A.P. Moeller-Maersk (AMKBY), Hapag-Lloyd (HLAGF), Matson Inc. (MATX), Global Ship Lease Inc. (GSL), and the SonicShares Global Shipping ETF (BOAT) have also seen significant share price increases.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 6:07 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.