Hapag-Lloyd raised its full-year earnings outlook for the third time this year, citing elevated spot freight rates and fourth-quarter performance that is developing better than expected. The company now expects earnings before interest and tax (EBIT) of $2.0 billion to $2.4 billion, up from $1.25 billion to $1.75 billion previously. It also lifted its 2026 earnings before interest, tax, depreciation and amortisation (EBITDA) guidance to $4.6 billion to $5.0 billion from $3.9 billion to $4.4 billion. The revisions follow earlier upgrades in July and September. Hapag-Lloyd shares rose 3.3% in midmorning European trade, compared with a 2.4% gain at 0925 GMT on Wednesday. Elevated shipping rates, resilient global trade and ongoing supply-chain disruptions have supported earnings across European logistics.