Hapag-Lloyd Raises Outlook for Third Time on Strong Freight Rates
German container shipping company Hapag-Lloyd on Wednesday raised its full-year earnings outlook for the third time this year, citing strength in freight rates and a stronger-than-expected performance in the fourth quarter. The stock was up 2.4% at 0925 GMT. The upgrade adds to a series of positive outlook revisions across the European logistics sector, where resilient global trade, elevated shipping rates and persistent supply-chain disruptions have supported earnings and boosted profitability.
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