Hapag-Lloyd nearly doubles Q3 EBITDA and raises 2026 outlook

Hapag-Lloyd reported a sharp improvement in third-quarter earnings in 2026, supported by higher freight rates and strong vessel utilisation, while upgrading its full-year earnings outlook amid continued favourable market conditions.

The German container shipping company recorded Group EBITDA of US$1.73 billion in the third quarter, nearly double the US$866 million reported in the same period last year. Group EBIT increased to US$1.09 billion from US$228 million, while net profit climbed to US$999 million from US$172 million.

Group revenue reached US$6.88 billion, compared with US$5.46 billion in the third quarter of 2025.

The improvement was primarily driven by higher freight rates in the Liner Shipping segment, although geopolitical tensions and weather-related disruptions continued to put pressure on operating costs.

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