Hapag-Lloyd (ETR:HLAG) shares dropped 1.30% on Thursday after President Trump announced the Strait of Hormuz is fully open for business.
Maersk (CSE:MAERSKb) also fell, declining 3.02%, reflecting broader market reaction among European shipping stocks to reduced geopolitical risk.
The announcement eases concerns over potential disruptions to the critical shipping chokepoint, prompting investors to reassess freight‑rate expectations and shipping demand.