HAIFA, Israel, Dec. 16, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today announced that it has reached an agreement with a shareholder group led by Mor Gemel Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd. (the "Shareholder Group") regarding the composition of the Company's Board of Directors ahead of ZIM's upcoming Annual and Extraordinary General Meeting of Shareholders scheduled to be held on December 26, 2025 (the "Annual Meeting"). Pursuant to ...

Mediterranean Shipping Company (MSC) is reportedly in the mix to be the new owner of container shipping competitor ZIM. According to a report from Israeli business publication Calcalist, the world’s largest ocean carrier submitted a bid to ZIM’s board of directors to acquire the fellow shipping company. More from Sourcing Journal A previous report from another Israeli publication, Globes, said MSC had expressed interest in an acquisition while indicating that another major carrier, Hapag-Lloyd, had put i ...

Core Insights - ZIM Integrated Shipping Services is currently involved in a significant buyout and takeover battle, attracting interest from both insiders and foreign entities due to its well-capitalized business [1] Company Performance - The container shipping company has reported very strong results, indicating robust financial health and operational performance [1]

Core Viewpoint - ZIM Integrated Shipping Services Ltd. is urging shareholders to support its independent board and ongoing strategic review by voting for all eight of its nominees and against the three dissident nominees, following recommendations from leading proxy advisory firms Glass Lewis and ISS [1][2][6]. Group 1: Proxy Advisory Recommendations - Glass Lewis has recommended that shareholders vote for all eight of ZIM's director nominees and against the three dissident nominees, affirming the board's independence and the appropriateness of its strategic review process [1][6]. - ISS has also advised shareholders to support ZIM's full slate of nominees, reinforcing the board's capability to oversee the strategic review [2][6]. Group 2: Strategic Review Process - ZIM's board is conducting a comprehensive and independent strategic review, exclusively led by independent board members and supported by external financial and legal advisors, with no management involvement [3][4]. - The board has received multiple indications of interest from strategic and financial parties as part of its outreach efforts [3]. Group 3: Dissident Group's Position - Glass Lewis found no evidence of flaws or conflicts in the board's process, stating that the dissident group's concerns are based on unsubstantiated claims rather than rigorous analysis [5]. - The dissident group has not provided a compelling case for board change, relying on rumors and speculation rather than concrete evidence [5]. Group 4: Shareholder Structure and Governance - ZIM's shareholder base is highly dispersed, with the ten largest shareholders holding between approximately 1.2% and 4.1% of the company's shares, making it unlikely for any single investor to influence a change-of-control transaction [5]. - The dissident nominees lack relevant experience in maritime operations and large-scale strategic transactions, which are critical for overseeing a capital-intensive shipping business [5].

As ZIM’s future as a public company remains up in the air, the ocean carrier’s board of directors is attempting to stave off a new proxy fight. An investor group led by Mor Gemel & Pension Ltd., Reading Capital Ltd. and Sparta 24 Ltd., which controls over 5 percent of the container shipping company’s stock, has nominated three directors to the ZIM board. More from Sourcing Journal The investor group has not released disclosures or a public statement about the board battle, with ZIM revealing the proxy fi ...

HAIFA, Israel, Dec. 9, 2025 /PRNewswire/ -- The independent Board of Directors of ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today released a presentation and issued a letter to shareholders highlighting the Company's strong performance, robust capital returns and commitment to shareholder value and providing an update on ZIM's ongoing strategic review process and the proxy fight led by Mor Gemel & Pension Ltd., Reading Capital Ltd., and Sparta 24 Ltd. The presentation and le ...

ZIM is being shopped around. The Israeli container shipping firm is considering buyout offers in the wake of a purchase proposal co-led by CEO Eli Glickman. More from Sourcing Journal A report from Israel-based business publication Globes said German ocean carrier giant Hapag-Lloyd has made an offer to acquire ZIM. However, the bid is in the initial stages and negotiations have yet to begin between the sides. Such a deal would combine the fifth and 10th largest container shipping firms worldwide by marke ...

HAIFA, Israel, Dec. 8, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that shareholders vote ONLY "FOR" all eight of ZIM's director nominees and AGAINST the three director nominees proposed by the dissident shareholders in connection with the Company's Annual Meeting on December 26, 2025. Since its IPO, ZIM has delivered peer-leading total ...

Core Viewpoint - Hapag-Lloyd, a major German shipping company, has submitted a preliminary bid to acquire ZIM, an Israeli shipping company, amidst ongoing speculation about ZIM's potential sale [2][5]. Group 1: Acquisition Interest - Hapag-Lloyd's bid is in the initial stages, with substantial negotiations yet to begin [2][5]. - Prior to Hapag-Lloyd's bid, there were rumors of interest from other major shipping companies, including MSC and Maersk, in acquiring ZIM [2][5]. - ZIM is currently the tenth largest shipping company globally based on market share [2][5]. Group 2: Competing Offers - ZIM's board has confirmed receiving a buyout offer from a consortium led by CEO Eli Glickman and Israeli businessman Rami Ungar, valued at $2.4 billion, exceeding ZIM's market value of approximately $2.1 billion [2][5]. - Analysts suggest that if the board opts for a sale, the consortium led by the current CEO may be the best option, but they question whether their offer can compete with larger players in the market [2][5]. Group 3: Employee Concerns - The acquisition proposal from Hapag-Lloyd has faced strong opposition from ZIM's employee committee, primarily due to concerns over Hapag-Lloyd's shareholders, including Qatar Investment Authority and Saudi Arabia's PIF [3][6]. - The employee committee has urged the Israeli government to use its "Golden Share" to block the transaction, citing national security concerns related to maritime trade dependence [3][6]. Group 4: Financial Performance - ZIM reported a significant decline in its third-quarter financial results, with net profit dropping to $123 million from $1.1 billion in the same period last year [3][6]. - The company anticipates an adjusted EBITDA of between $2 billion and $2.2 billion for the full year of 2025 [3][6].

In our previous article on ZIM Integrated Shipping Services Ltd. ( ZIM ), we briefly outlined our view on container freight rates, concluding that ZIM was still an attractive buy at those prices. At thatInvest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we provide equity and fixed income research services which become more and more well-known locally among both professional investors and private clients. Here’s what we do: - Cover top 120+ Russian, US and Chinese stocks - Cover 200+ ...