Maersk and Hapag-Lloyd stock prices soar, Middle East crisis disrupts the shipping industry

LootboxPhobia · 2026-03-02T17:32:23+00:00

On Monday, due to the tense Middle East situation, European shipping company stocks rose, with major carriers like Maersk and Hapag-Lloyd changing routes, and freight rates expected to increase. Maersk stock rose 7%, Hapag-Lloyd increased 4%, and some companies suspended passage through the Strait of Hormuz. Oil prices also rose.

LootboxPhobia

2026-03-02 17:32:23

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Investing.com – On Monday, European shipping company stocks rose as escalating tensions in the Middle East forced major carriers to change their shipping routes, tightening global shipping capacity and fueling market expectations of rising freight rates.

Maersk (CSE:MAERSKb) shares increased by 7%, reaching the highest level since March 2, 2023, while Hapag-Lloyd (ETR:HLAG) rose by 4%.

On Sunday, Maersk, Hapag-Lloyd, and CMA CGM began rerouting ships to bypass Africa after U.S. and Israeli attacks on Iran and the closure of the Strait of Hormuz, avoiding the Suez Canal and the Bab el-Mandeb Strait.

Both Maersk and Hapag-Lloyd announced they would suspend all ships passing through the Strait of Hormuz until further notice.

Brokerages indicated that further disruptions could push freight rates higher, while oil prices are also rising.

Nordic tankers also saw gains, with Torm (CSE:TRMDa) listed in Copenhagen and Frontline (NYSE:FRO) listed in Oslo both up 5%.

Norwegian roll-on/roll-off operator Hoegh Autoliners (OL:HAUTO) increased by 3.6%.

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