Company Reports

Rerouting, Asian port congestion, and the Panama Canal drought have further reduced supply, driving freight rates even higher in 2026. The conflict with Iran may also stretch into 2027, as a ceasefire has yet to be reached.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment, accounting for 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

Solid volume resilience and elevated freight rates drove solid results in the second quarter, an improvement from the beginning of the year. Hapag-Lloyd confirmed its updated guidance from July, driven by freight rate developments.

Freight rates remained elevated above 2025 levels in 2026, driven not only by the conflict in the Middle East but also by port congestion and trade before President Donald Trump's new global tariffs.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment, accounting for 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

The two firms announced the Gemini network would begin making a gradual return to the Red Sea, deeming the region safe enough for passage, although no timeline was given for its full return. Shares for Maersk and Hapag-Lloyd were down 5.5% and 2.5% on July 6, 2026, respectively.

Hapag-Lloyd had an unsatisfactory start to the year. Revenue declined by 17%, and operating profits turned negative, driven by decreases in freight prices. Regardless, management maintained guidance despite the challenging market environment.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment by far, with 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

The war in the Middle East and risk of attacks in the Red Sea have led global shippers Maersk and Hapag-Lloyd to reroute around the Cape of Good Hope. We look at multiple scenarios regarding the conflict's duration and current valuations.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment by far, with 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

Full-year results were solid, with EBITDA and EBIT of EUR 3.2 million and EUR 1.0 million, respectively, finishing at the upper end of guidance. Management guided to EBIT and EBITDA reductions in 2026, citing a weak freight-rate environment at the start of the year and Middle East uncertainty.

We have made changes to our base case, raising our freight prices and margins for 2026, which forecast containers shippers will reroute around the Cape of Good Hope in 2026.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment by far, with 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

After a short-lived return to the Red Sea and Suez Canal in mid-January, global shippers Maersk and Hapag-Lloyd are once again diverting ships around the Cape of Good Hope until further notice following the outbreak of war in the Middle East.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment by far, with 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

Hapag-Lloyd signed a deal on Feb. 17 to purchase its Israeli competitor Zim for $4.2 billion at a 58% premium in a cash-and-debt transaction. Shares fell 8% on Feb. 16 but increased 3% on Feb. 17.

Maersk announced on Jan. 15 that it will begin using the Red Sea and Suez Canal this month. Global shippers have avoided the Red Sea since late 2023 due to Houthi attacks, which have artificially raised freight prices.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment by far, with 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

Hapag-Lloyd boosted spending across its business over the past three years. In liner services, the firm's dominant segment by far, with 99% of revenue, aims to grow capacity slightly faster than the market. The company is also investing outside of its core business to provide non-ocean solutions to customers, including terminal services at ports and inland services once docked.

Hapag-Lloyd's volume increased for the first nine months, driven by the alliance with Gemini. However, this was not enough to offset decreasing freight rates, which drove shares lower in Nov. 13 trading. Hapag-Lloyd also narrowed its EBITDA and EBIT guidance ranges for the full year.