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Hapag-Lloyd lifts 2026 outlook as container rates stay high

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Second upgrade this year

Hapag-Lloyd has raised its earnings outlook for 2026 for the second time, pointing to strong demand and higher spot freight rates. The German container line said trading conditions have held up better than it expected earlier in the year. The company also submitted an improved offer for Israel's ZIM Integrated Shipping Services as it seeks approval for the US$4.2 billion deal.

The upgrade lands as container shipping enters its busiest stretch of the year. Freight forwarders expect the Chinese Golden Week holiday from 1 to 7 October to tighten capacity before a post-holiday backlog, then a second peak around Black Friday and Cyber Monday in late November.

Terminals and capacity

The Panama Canal Authority said it will lift daily Neopanamax transits to ten vessels from 15 October, taking total daily transits through the Neopanamax and Panamax locks to 33. More slots on the canal ease routing pressure between Asia and the US east coast. In Spain, Kalmar signed a service deal at TTI Algeciras covering eight ship-to-shore cranes and 32 automated stacking cranes. India's CONCOR is adding more double-stack rail services, and DP World signed memoranda for a new deep-sea port in Ogun State, Nigeria.

Costs at the gate

Not every signal is positive. The Container Transport Alliance Australia says ongoing gate congestion at DP World's West Swanson terminal in Melbourne is adding costs for road hauliers, forwarders and shippers. Ports elsewhere are focused on yard efficiency rather than adding more cranes and trucks, since bottlenecks now come from how cargo moves inside the terminal rather than from raw capacity.

For buyers, the mix means higher headline rates but more room to negotiate on specific lanes. Carriers have restructured services and dropped some port calls, so shippers are being advised to keep alternative routings ready and to watch how regulators decide on the ZIM takeover.



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Source: WorldCargo News / Hapag-Lloyd