Hapag-Lloyd Narrows Guidance Despite Heightened Uncertainty From Global Tensions

Continuing Red Sea tensions and global trade conflict could have a significant impact on supply and demand

Shipping giant Hapag-Lloyd narrowed its full-year earnings guidance range but warned that demand in the rest of the year could slow, sending shares sharply lower.

Continuing Red Sea tensions and global trade conflicts could have a significant impact on supply and demand in container shipping. The German company said higher permanent tariffs and a previous spike in demand as customers shipped goods ahead of the proposed...

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