Zim News

Hapag-Lloyd has published its annual report for the 2025 fiscal year, announcing that the group EBITDA stood at $3.6 billion (EUR 3.2 billion) and profits at $1.0 billion (EUR 0.9 billion).The result was at the upper end of the earnings forecast, but below the previous year, particularly owing to lower freight rates and higher operational costs.“2025 was a good year for Hapag-Lloyd with solid results. We have grown our volumes and outperformed the market. Our Gemini network delivered 90% schedule reliability and customer satisfaction reached another record high.

The container shipping sector continued its gradual normalization in 2025, and ZIM Integrated Shipping Services’ latest financial results offer a clear snapshot of the industry’s transition away from the extraordinary profits generated during the pandemic-era freight surge.For the full year 2025, the Israeli liner carrier reported revenue of $6.9 billion, down from $8.4 billion in 2024 as freight rates softened across major trade lanes. Net income reached $481 million, a sharp decline from $2.15 billion the previous year…

In a move that further reshapes the global liner landscape, Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services Ltd. in an all-cash transaction valued at approximately $4.2 billion, the companies announced today.Under the terms of the merger agreement, Hapag-Lloyd will acquire ZIM for $35.00 per share in cash, representing a 58% premium to ZIM’s prior-day closing stock price, a 90% premium to its 90-day VWAP, and a 126% premium to its unaffected share price of $15.50 in August 2025 prior to market speculation.The transaction…

Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region.The first vessel to complete a full service loop via Suez Canal will be CMA CGM Verdi, sailing from Karachi to New York on 15 January. eeSea by Xeneta data shows voyages via Suez Canal rather than Cape of Good Hope reduces full loop transit time on this service by two weeks…

ZIM Integrated Shipping Services reported third-quarter 2025 earnings that, while sharply lower year-on-year, demonstrate the carrier’s ability to generate meaningful profit and cash flow in an increasingly volatile global container market. Revenues fell 36% to $1.78 billion as freight rates continued to normalize from 2024 highs, and net income dropped to $123 million, compared with $1.13 billion a year ago. Still, ZIM delivered an Adjusted EBITDA of $593 million—underscoring the value of its cost-efficient…

The Panama Canal launched a consultation process with representatives of the maritime industry to identify potential partners interested in developing port terminals on both the Atlantic and Pacific sides of the waterway.Following a process similar to that followed for the introduction of the gas pipeline project, the Panama Canal convened a group of representatives from companies with proven experience in container port operations and container shipping lines.According to institutional rules and regulations…

Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said.The ships on those routes have the combined capacity to deliver 25,682 40-foot containers stuffed with toys, tennis shoes, car parts and things U.S. manufacturers use to produce goods each week - or more than 1.3 million 40-foot containers a year…

ZIM Integrated Shipping Services Ltd. announced new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas (LNG) dual-fuel container vessels, with total charter hire consideration of approximately $2.3 billion to serve across ZIM's various global trades.Seven of the vessels will be chartered to ZIM by Containers Ventures Holdings Inc., an affiliate of the TMS Group, and three will be chartered to ZIM by a shipping company that is affiliated with Kenon Holdings, Ltd., which was ZIM's largest shareholder until the end of 2024.

With the upcoming dissolution of the 2M Alliance in early 2025, JAXPORT is maintaining and growing its global container services through strategic partnerships with the world's top ocean carriers. New and modified service routes through JAXPORT will provide expanded global connectivity and access to new and emerging markets.Three primary changes are taking place beginning in February 2025.The Gemini Cooperation – an alliance between Maersk and Hapag-Lloyd – has added JAXPORT to a new, direct service calling Cartagena, Colombia, opening doors not only to South American markets but also to the global Gemini network, including ports in Asia…

ZIM Integrated Shipping Services is accelerating the global deployment of smart containers, helping to advance visibility and transparency through the integration of Hoopo’s innovative hoopoSense Solar trackers.ZIM’s smart container solution enables end-to-end tracking, including the inland leg, giving customers full transparency into their shipments and a more accurate ETA, even after the containers exit terminals or depots enroute to their final destinations. The hoopoSense Solar tracker boasts a battery life of more than 12 years, sufficient to last a container’s lifecycle and eliminating the need for replacements. Each tracker is designed to deliver precise location data and features a built-in door-opening detection system with 99% accuracy.

President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, a disruption that analysts warn will cost the economy billions of dollars a day.More than 38 container vessels were already backed up at U.S.

Container liner shipping company ZIM Integrated Shipping Services Ltd., announced it has entered into a new long-term operational cooperation with Mediterranean Shipping Company (MSC) on the Asia - U.S. East Coast and Asia - U.S. Gulf trades.The new services are scheduled to be launched in February 2025, subject to regulatory approvals and filings, ZIM said.Eli Glickman, ZIM President & CEO, said, "This important collaboration reflects ZIM's commitment to both delivering an outstanding shipping solution to its customers…

ZIM Integrated Shipping Services has announced a net income for the second quarter of 2024 of $373 million (compared to a net loss of $213 million in the second quarter of 2023).The company’s adjusted EBITDA for the second quarter was $766 million, a year-over-year increase of 179%. Total revenue for the second quarter was $1,933 million, a year-over-year increase of 48%.Carried volume in the second quarter was 952,000 TEUs, a year-over-year increase of 11%, and its average freight rate per TEU in the second quarter was $1…

Israeli ocean carrier ZIM celebrated the grand opening of its new U.S. headquarters in Virginia Beach, Va."We are excited to open our new U.S.A. headquarters in Virginia Beach. This milestone is a testament to our commitment to growth and innovation," said Eli Glickman, ZIM President and CEO. "I extend my deepest gratitude to Governor Glenn Youngkin for creating a business-friendly atmosphere in Virginia and to Mayor Bobby Dyer for his crucial support and dedication."Nissim Yochai, President of ZIM USA, said, "This new campus is a significant milestone for ZIM USA.

ZIM Integrated Shipping Services has announced consolidated results for the three and 12 months ended December 31, 2023, noting a net loss for the fourth quarter of $147 million (compared to a net profit of $417 million in the fourth quarter of 2022).The net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).Adjusted EBITDA for the fourth quarter was $190 million, a year-over-year decrease of 80%.

A fire caused by nearby explosions broke out onboard a vessel southeast of the Yemeni port city of Aden on Monday, before being contained, the U.K. Maritime Trade Operations (UKMTO) agency and British security firm Ambrey reported."The Master reports the fire onboard has been extinguished and that the crew are all safe. Coalition Forces are responding," UKMTO said in a recent update on the incident.It later added that the vessel was clear of the area and was proceeding to its…

The naming ceremonies of three new vessels joining ZIM’s fleet were held in Korea and China this week for ZIM Integrated Shipping Services, continuing ZIM’s widescale fleet renovation.The naming ceremony of Zim Mount Elbrus and Zim Mount Vinson, the final additions to the series of ten 15,000 TEUs advanced LNG vessels, took place at the SHI Geoje shipyard in Korea. These vessels, showcasing state-of-the-art LNG technology, were named in a traditional manner by their respective godmothers, Mrs. Hani Kalinsky, ZIM's EVP Pacific Business Unit, and Mrs.

War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen's Houthis, sources said.Attacks by the Iran-aligned Houthis since November have slowed trade between Asia and Europe and alarmed major powers. The Houthis say they are acting in solidarity with Palestinians as Israel's war against Hamas militants in Gaza…

Malaysia will ban Israeli shipping company ZIM from docking at any of its ports effective in four weeks, Prime Minister Anwar Ibrahim said on Wednesday."This restriction is a response to Israel's actions that violate basic humanitarian principles and international laws," Anwar said in a statement, referring to its military response in Gaza to a deadly incursion in southern Israel in October by Hamas militants.(Reuters - Reporting by Danial Azhar; Editing by Martin Petty)

As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at night, making it one of the most challenging sea areas of the world to transit, even during peacetime.Should a major war ever come to Asia, those challenges could be magnified spectacularly, with hundreds of vessels abruptly leaving the international waters in the middle of the Strait for what they hope might be the relative safety of the national territorial waters of nearby neutral nations.The Strait – between Thailand…

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday.The incidents are the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian Islamist group Hamas broke out on Oct. 7.The three commercial vessels came under attack in international waters in the southern Red Sea, the U.S.

Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in waters around the Red Sea and off the coast of Yemen, adding to perils for seafarers, shipping officials said on Wednesday.An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards, the Pentagon…

Israel-based container shipping company ZIM Integrated Shipping Services has reaffirmed its continued commitment to serve the East Mediterranean and Israeli ports.The message comes after incidents in the Red Sea where militant groups have indicated the desire to disrupt Israeli shipping movements.“Operations to and from these ports will be maintained with the highest regard for safety protocols which are essential to safeguarding the interests of all stakeholders,” said the company in a statement.“In light of the threat to safe transit of global trade in the Arabian and Red Seas…