German shipping company Hapag-Lloyd improved its results during the third quarter of 2026, driven by higher freight rates, greater utilization of its fleet and growth in the Terminals and Infrastructure business.

The group's revenue reached US$6.900 billion, compared to US$5.500 billion in the same quarter of 2025. EBITDA increased from US$866 million to US$1.700 billion, while EBIT rose from US$228 million to US$1.100 billion. The group's net profit reached US$999 million, compared to US$172 million a year earlier.

In the liner shipping segment, revenues increased to US$6.700 billion, supported by an average freight rate of US$1.808 per TEU, up from US$1.413 per TEU in the third quarter of 2025.

The volume transported remained virtually stable, at around 3,4 million TEUs. However, geopolitical tensions in the Middle East and disruptions caused by weather conditions continued to affect operations and unit costs.

The EBITDA of the liner shipping business reached US$1.700 billion, while EBIT increased to US$1.100 billion.

Meanwhile, the Terminals and Infrastructure segment recorded revenues of US$197 million, compared to US$131 million in the same quarter of 2025. EBITDA reached US$56 million and EBIT increased to US$34 million.

The company attributed this performance to investments made to expand the capacity of its terminals and operational improvements at its Latin American facilities.

During the first nine months of 2026, the group's revenue reached US$17.600 billion, compared to US$16.000 billion in the same period of 2025. EBITDA increased from US$2.800 billion to US$3.000 billion, while net profit decreased from US$946 million to US$827 million.

Following the evolution of freight rates during the fourth quarter, Hapag-Lloyd updated its earnings forecast for the full year 2026 on November 11.

The company now expects EBITDA of between US$4.600 billion and US$5.000 billion and EBIT of between US$2.000 billion and US$2.400 billion for the full year.

Hapag-Lloyd warned that these forecasts remain subject to a high degree of uncertainty due to the volatility of freight rates and the evolving geopolitical landscape.

The company operates 301 container ships, with a total transport capacity of 2,5 million TEUs. Its container fleet has a total capacity of 3,7 million TEUs and includes refrigerated (reefer) units for transporting temperature-sensitive cargo.

Hapag-Lloyd maintains 129 regular liner services, connecting around 600 ports worldwide, and owns stakes in 27 port terminals.

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