[Hormuz Strait Blockage: German Shipping Giant Reports Weekly Additional Costs Exceeding $50 Million] Golden Finance reports that passage through the Hormuz Strait continues to face disruptions. On May 8 local time, Nils Haupt, an executive at German shipping giant Hapag-Lloyd, stated in an interview that since the outbreak of the conflict, the company has incurred at least $50 million in additional weekly costs on average. Nils Haupt, Hapag-Lloyd executive: This conflict has increased Hapag-Lloyd's weekly costs by at least $50 million. For the entire logistics industry—whether it's land-based logistics companies, airlines, or container shipping companies like ours—the biggest cost is fuel. At present, the likelihood of a significant drop in fuel prices in the coming days or weeks appears slim.