Hapag-Lloyd has entered into a definitive agreement to acquire 100% of the shares of ZIM Integrated Shipping Services Ltd., currently ranked as the world’s 10th largest container carrier. The all-cash offer of USD 35.00 per share values the transaction at more than USD 4 billion. As part of the broader arrangement, FIMI Funds will assume ownership of a newly carved-out container liner business that will operate on strategically important trade lanes and integrate with Hapag-Lloyd’s global network, reinforcing Israel’s maritime connectivity. This new operation will launch with 16 modern and efficient vessels, while also assuming responsibility for ZIM’s Golden Share and continuing to operate under the ZIM brand. The completion of the deal remains subject to approval from ZIM shareholders and relevant regulatory authorities.
If finalised, the combination of Hapag-Lloyd and ZIM would position the merged group as the fifth-largest container shipping company globally, operating a fleet of more than 400 vessels with a total capacity exceeding 3 million TEU and transporting over 18 million TEU annually. The integrated network is expected to enhance coverage across major global trade routes, reinforce leadership positions in high-growth markets, and unlock annual synergies estimated in the several hundred million USD range. Both companies intend to bring together their respective expertise, workforce capabilities, and technological strengths to form a unified organisation focused on customer service excellence, operational performance, and sustainable profitability.
“ZIM is an excellent partner for Hapag-Lloyd. Customers will benefit from a significantly strengthened network on the Transpacific, Intra-Asia, Atlantic, Latin America and East Mediterranean. We share the same ambitions: great customer service, outstanding operational quality, and a commitment to digital innovation – all powered by the expertise and passion of our people worldwide. We will use this opportunity to create the best team from the exceptional talent in ZIM and Hapag-Lloyd – in Israel and around the globe – and we commit ourselves to building a very substantial and long-term presence in Israel. Together, we will set new benchmarks of excellence and secure our position as the undisputed number one for quality in our industry.”
– Rolf Habben Jansen, CEO of Hapag-Lloyd.
According to ZIM’s leadership, the agreement follows an extensive strategic review process aimed at maximising value for shareholders and carefully weighing all potential paths forward. “Today’s announcement is the culmination of a thorough strategic review conducted by ZIM’s Board of Directors dedicated to maximising shareholder value. The decision reflects a comprehensive evaluation of all available options to ensure the best possible outcome for the company’s investors. We believe that it represents the most prudent and beneficial transaction for all ZIM stakeholders that further advances the tremendous value creation track record that we have established since our IPO,” said Yair Seroussi, Chairman of ZIM’s Board of Directors.
FIMI outlined its intention to build and develop the carved-out Israeli shipping company as a stable and strategically significant national operator, maintaining a close partnership with Hapag-Lloyd.
“FIMI recognises and believes in the strategic importance for the State of Israel of a strong independent Israeli shipping company. We will create a stable Israeli company, the new ZIM, and view Hapag-Lloyd as a significant strategic partner for its ongoing operations. New ZIM will integrate significant transatlantic capabilities, alongside additional shipping routes to Europe, Africa, the Mediterranean Sea and the Black Sea, supported by advanced global maritime transport capabilities, while continuing to place the customer at the centre of its operations. New ZIM will work to provide its customers with the highest level of service. FIMI intends to leverage its experience and strategic capabilities to lead New ZIM toward stable operations and uncompromising quality, while maintaining a deep commitment to its employees, suppliers and customers.”
– Ishay Davidi, Founder and CEO of the FIMI Funds.
Until all approvals have been secured and the transaction formally closes, the two shipping lines will continue to operate independently and remain competitors in the marketplace. Any cooperation will be limited to their existing vessel-sharing and slot charter agreements, with regulatory clearances and shareholder approval anticipated by late 2026.
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