Hapag-Lloyd welcomes US-China tariff truce, expects increase in bookings
ReutersMay 12, 2025 11:26 AM
BERLIN, May 12 (Reuters) - German shipping company Hapag-Lloyd HLAG.DE on Monday welcomed an agreement between the United States and China to temporarily slash reciprocal tariffs, saying that it expected to be buoyed by a resulting increase in bookings from China to the U.S.
"We expect bookings from China to the U.S. to increase, which should help us ... into peak season," the company said in response to an emailed request for comment from Reuters.
"Originally, we had planned to use smaller ships for transports from China to (the U.S. coasts) but may reverse that if demand is strong," it added.
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