Independent journal on economy and transport policy
13:35 GMT+2
SHIPPING
Maersk and Hapag-Lloyd benefit from the recovery of the container shipping market
The Danish company posted better quarterly performance than its German partner Gemini Cooperation
Copenaghen/Amburgo
August 13, 2026
In recent months, the evolution of the geopolitical and
combined with system dysfunctions
maritime-port sector, has led to an increase in the
demand for containerized maritime transport of which they have
benefited the main shipping companies in the market, including
including Denmark's Maersk and Germany's Hapag-Lloyd, which from February 2025
collaborate within the framework of their vessel sharing agreement called
Gemini Cooperation
(
of 17
January 2024). Announcing today the results achieved in the
April-June quarter, the CEO of A.P.
Møller-Mærsk, Vincent Clerc, noted that 'the
The second quarter once again confirmed the new era of
high volatility that we have entered. The remarkable and
widespread demand from the Far East from 2024 - has
explained - has generated much more
unbalanced, with volumes that put a strain on the capacity
of land infrastructure. From ports to inland transport,
We are seeing increased congestion and disruptions
in different geographical areas. Our team's capability
global to seize opportunities in these difficult
markets has allowed us to record significant growth in
volumes and earnings across all our divisions, leading to a
substantial increase in our forecasts for the full year".
In the second quarter of 2026, the Danish group's revenues,
of $15.76 billion, recorded a
sharp increase of +20.0% over the same period last year.
The increase in turnover was contributed by the main
Business segments: In the maritime transport sector
containerized revenues amounted to 10.53 billion (+22.8%),
of which 8.58 billion generated by shipping operations
containerized (+17.8%) and 1.94 billion from
related (+51.2%); in the logistics sector, revenues were
equal to 4.22 billion (+15.1%) and in that of port terminals at
$1.45 billion (+10.8%).
The Danish group reported a gross operating margin
quarterly of €2.99 billion (+30.2%), with a contribution of €2.04 billion
billion from containerized maritime transport (+41.4%), 468 billion
million from logistics (+11.7%) and 517 million from terminals
port (+12.9%). Group operating profit was
$1.57 billion (+85.9%), with contributions from the three
Business divisions of 935 million respectively
(+308.3%), €217 million (+24.0%) and €458 million (-0.7%). The company
closed the second quarter of 2026 with a net profit of
$1.31 billion (+105.3%).
During the period, Maersk's container ships transported
goods for a total volume of 3.36 million
40' containers (FEU) (+4.1%) and the average value of freight rates in the
The quarter was $2,746/FEU (+21.6%). In the
In addition, the volumes handled by the logistics division
amounted to 27.32 million cubic metres (+4.8%) and the
The group's dockers handled 3.66 million containers
(+2.2%), of which 1.41 million serving the group's ships (+4.4%) and
2.26 million serving third-party vessels (+0.9%), including a total of
1.08 million containers handled in North America (+6.5%),
696 thousand containers in Latin America (-0.1%), 811 thousand in Europe
(+8.0%), 192 thousand in Africa (+1.6%) and 880 thousand in Asia and the Middle East
(-5,3%).
In the second quarter of 2026, Hapag-Lloyd's revenues
have increased significantly, albeit more limitedly, as they have
amounted to €5.02 billion (+8.4%), of which €4.88 billion
generated by liner maritime services (+7.6%) and €165 million from
port terminals and infrastructure sector (+38.7%). "The
second quarter - commented the CEO of the
Hapag-Lloyd, Rolf Habben Jansen - was better than the first
thanks to significantly higher spot freight rates and a significant
question. Our Gemini network has proven resilient
and has continued to outperform the market, placing itself in the
as the industry benchmark in terms of reliability
of the schedules. In addition," he added, "the terminal business
continues to grow and is becoming increasingly important
supported by a high volume of traffic and
investments in new infrastructure".
Unlike Maersk, the German company has suffered a
increase in operating costs which was similar to the
growth in revenues and this led to a value of
quarterly EBITDA of €711.9 million,
figure similar to that of the second quarter of 2025 and generated by
a contribution of 664 million from containerized maritime transport
(-1.3%) and 47 million from terminals and infrastructures
(+20.5%), and an EBIT value of €150.1 million, in
decrease of -3.8% and contributions from the two sectors of activity equal to
respectively to 131 million (-3.7%) and 18 million (-10.0%). The profit
net income was €70.5 million (-73.2%).
In the second quarter of this year, the container carriers of the
Hapag-Lloyd transported loads totalling 3.48
million 20' containers (TEU) (+3.5%), of which 948 thousand on the
Asia-Europe route (+2.0%), 1.28 million on the Asia-America route
(+0.7%), 728 thousand on the Europe-America route (+1.7%) and 522 thousand TEUs
on routes with Africa and intra-regional routes (+17.8%). The
Average freight value was $1,475/TEU
(+8,9%). The average freight rate of Asia-Europe services alone is
A result of 1,448 dollars/TEU (+16.3%), that of services
Asia-America at $1,469/TEU (+5.1%), the average freight rate of services
Europe-America at 1,506 dollars/teu (+0.1%) and that of services with
Africa and intra-regional markets at 1,494 dollars/TEU (+23.1%)
It should be recalled that Hapag-Lloyd is in the process of
the acquisition of ZIM Integrated Shipping Services
(
of 16
and 16
February 2026), which was approved on 30 April
by the shareholders of the Israeli company.
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