Shipping giant warns return to normal will take six to eight weeks, if ceasefire holds

Shipping giant Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week ceasefire agreed between the US and Iran, but said that resuming normal traffic throughout its network would take at least six to eight weeks. Speaking in a call to customers, CEO Rolf Habben Jansen echoed guarded remarks by container shipping peer Maersk, saying that more security assurances were needed. "Even if a ceasefire has now been agreed...