Hapag-Lloyd AG

HLAG: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hapag-Lloyd: Raise Fair Value on Higher 2026 Freight Rates from Iran War, Congestion and Tariffs

Ben Slupecki

Aug 6, 2026

Freight rates remained elevated above 2025 levels in 2026, driven not only by the conflict in the Middle East but also by port congestion and trade before President Donald Trump's new global tariffs.

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Hapag-Lloyd AG

Hapag-Lloyd: Raise Fair Value on Higher 2026 Freight Rates from Iran War, Congestion and Tariffs

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