# Hapag-Lloyd Profit Surges as Freight Rates Rise, Red Sea Services Return

> Hapag-Lloyd reported third-quarter net profit of $999 million, up from $172 million a year earlier, with revenue up 26% to $6.88 billion. The average freight rate rose 28% to $1,808 per TEU while volumes were flat at 3.38 million TEU, and the carrier raised its full-year EBITDA guidance to $4.6-5.0 billion.

- Date: 2026-11-13 · published 2026-11-14T00:13:07.866Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/98612-hapag-lloyd-profit-surges-as-freight-rates-rise-red-sea-services-return
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher container freight rates amid Middle East disruption and port congestion signal tight shipping capacity and higher costs for importing feed ingredients, though this is a container-line earnings report with limited direct effect on bulk grain freight.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/hapag-lloyd-profit-surges-as-freight-rates-rise-red-sea-services-return/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.