Soon-to-be partner Hapag-Lloyd, who will join Maersk in the new Gemini Cooperation in 2025, followed suit on October 24, highlighting a strong third quarter and increased outlook. They however warned that "against a backdrop of very volatile freight rates and major geopolitical challenges, the forecast is subject to a high degree of uncertainty." Hapag advised investors, "Given the current course of business, characterized by stronger than expected demand and improved freight rates, and despite increased expenses related to the necessary diversion of vessels around the Cape of Good Hope, the Executive Board of Hapag-Lloyd AG is raising its earnings outlook for the financial year 2024."