Hapag-Lloyd Raises Outlook for Third Time on Strong Freight Rates

12/11/2026 04:06 AST

German container shipping company Hapag-Lloyd on Wednesday raised its full-year earnings outlook for the third time this year, citing strength in freight rates and a stronger-than-expected performance ?in the ?fourth quarter.

The stock was ?up ?2.4% at 0925 ?GMT.

The upgrade adds to a series of positive outlook revisions across the European logistics sector, where resilient global trade, elevated shipping ?rates and persistent ?supply-chain disruptions have ?supported earnings and boosted profitability.

Hapag-Lloyd ?now expects full-year earnings ?before interest and tax of $2.0 billion to $2.4 billion, up from previous expectations of $1.25 billion to $1.75 ?billion.

The company also lifted its 2026 earnings before ?interest, tax, ?depreciation and amortization guidance to $4.6 billion to $5.0 billion, from $3.9 billion to $4.4 billion previously.

The latest increase follows earlier upgrades in July and September, reflecting sustained strength in container shipping markets and management's improved expectations for year-end trading.

Asharq Al Awsat