Supply chain technology specialist WiseTech Global announced a new partnership with liner operator Hapag-Lloyd for a wide-ranging trial in real-time container visibility. WiseTech (AX: WTC) will equip the German carrier’s fleet of more than 2 million boxes with Internet of Things (IoT) smart devices that frequently transmit location updates directly to WiseTech’s ecosystem of platforms for the logistics, global trade and supply chain industry. The tech company said that the pilot initiative specifically ...

Investor Presentation Hapag-Lloyd signs merger agreement with ZIM 17/02/2026 Hamburg I N V E S TO R P R E S E N TA TI O N Disclaimer This presentation contains forward-looking statements within the meaning of applicable securities laws, including, where applicable, the U.S. Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, a ...

Hapag-Lloyd has signed a deal to buy Israeli competitor Zim https://t.co/CcMMSFUpCT ...

Core Viewpoint - Hapag-Lloyd is in advanced negotiations to acquire ZIM Integrated Shipping Services, which would enhance its position as one of the largest ocean shipping companies globally [1] Company Summary - Hapag-Lloyd aims to consolidate its market position by acquiring ZIM's international operations for over $3 billion, while FIMI Opportunity Funds will acquire ZIM's Israeli operations [1] - The acquisition could increase Hapag-Lloyd's global market share from 7% to just under 9%, making it the fifth-largest ocean shipping company [1] Industry Context - The deal is seen as a strategic move to gain additional capacity in the short term, especially given the current limitations in shipyard delivery slots [1] - Regulatory approvals and a vote by ZIM's shareholders will be necessary for the transaction to proceed [1]

Core Viewpoint - Hapag-Lloyd is in advanced negotiations to acquire Zim Integrated Shipping Services Ltd. for approximately $3.5 billion, partnering with private equity investor FIMI Opportunity Funds of Israel [1][4][5] Group 1: Acquisition Details - The acquisition will involve assuming financial obligations related to Israel's golden share in Zim, which allows the government to control the carrier's strategic assets for security purposes [1] - No binding agreements have been signed yet, and the deal requires approval from regulators and Zim shareholders, with completion not expected until 2027 [4] Group 2: Company Profiles - Hapag-Lloyd is the world's fifth-largest container line, with a capacity of 2.38 million TEUs, representing 7.1% of the global total [3] - Zim, currently ranked 10th, has a capacity of 704,000 TEUs, and the acquisition would strengthen Hapag-Lloyd's position in the market, although it would still remain outside the top four carriers [3] Group 3: Market Context - Zim shares were valued at $1.5 billion at its public offering in 2021 and are currently valued at $2.7 billion [4] - The acquisition would delist Zim shares from public trading [4]

Shipping companies Hapag-Lloyd and North Sea Container Line (NCL) have won a tender to use low-emission fuels derived from hydrogen on container ships from 2027 for at least three years to reduce CO2 ... ...

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - The freight rates in the second half of December are gradually being adjusted, and the delivery and settlement prices of the December contracts are becoming clearer. The preliminary estimate for the December contract delivery and settlement price is between 1,600 - 1,700 points, and attention should be paid to the actual landing situation of the prices in the second half of the month [1][4]. - The February 2026 contract may have a large expected difference. The delivery and settlement time of the February contract is determined. The delivery and settlement price of the February contract basically reflects the spot price center at the end of January. If the duration of the shipping companies' contract price - holding is extended and high prices are achieved in January 2026, the February contract may be at par with the December contract valuation [5][6]. - The far - month contracts face the pressure of the Suez Canal's resumption of navigation. If the Suez Canal resumes navigation, it means an increase in effective capacity supply and the risk of further depressing freight rates, and the valuation of far - month contracts may be revised downward [7]. - The strategy suggests that the December contract will oscillate, and the February contract will oscillate with an upward bias, while there is no arbitrage strategy for the time being [9]. 3. Summary According to Relevant Catalogs 3.1 Market Analysis - **Online Quotations**: Different shipping companies have different price trends. For example, Maersk's Shanghai - Rotterdam price in the third week of December is 1,535/2,410, and the WEEK52 quotation is 1,480/2,300. Maersk has issued a price increase letter for January at 2,275/3,500. Other shipping companies such as MSC, ONE, HMM, and YML also have corresponding price quotations in the first and second halves of December [1][2]. - **Geopolitical Aspect**: Due to the continuous turmoil in the Red Sea, Maersk and Hapag - Lloyd have launched the Cape of Good Hope network when the Gemini Cooperation starts in February 2025. Currently, there is no specific time for changing the east - west routes of Gemini to pass through the Red Sea [2]. 3.2 Dynamic Supply - In December, the monthly average weekly capacity in the remaining 4 weeks is 314,700 TEU. The capacities in WEEK50/51/52/53 are 334,500/289,600/315,000/319,000 TEU respectively. In January, the monthly average weekly capacity is 331,700 TEU, and in February, it is 262,900 TEU. There are 4 blank sailings in December and 4 TBNs in January, all from the OA Alliance. Maersk added a new additional ship in WEEK51 [3]. 3.3 Contract Situation - **December Contracts**: The delivery and settlement price of December contracts is the arithmetic mean of the three - phase SCFIS on December 15th, 22nd, and 29th. The price in the first half of December has been continuously adjusted. Based on market research, the delivery and settlement price of the December contract is initially estimated to be between 1,600 - 1,700 points, and attention should be paid to the actual SCFIS announcement [4]. - **February 2026 Contracts**: The last trading day of the EC2602 contract is February 9, 2026. The delivery and settlement price is the arithmetic mean of the three - phase prices on January 26, February 2, and February 9, 2026. Since the Spring Festival in 2026 is one month later than in 2025, there is uncertainty about whether the shipping companies' contract price - holding time will also be postponed. Maersk has announced a price increase letter for January, and other shipping companies are expected to announce price increases in mid - December. Attention should be paid to the final landing situation of freight rates in January [6]. 3.4 Far - Month Contracts The far - month contracts face the pressure of the Suez Canal's resumption of navigation. The probability of the Suez Canal resuming navigation in 2026 is relatively high. If it resumes, it will increase the effective capacity supply and put downward pressure on freight rates, and the valuation of far - month contracts may be revised downward [7]. 3.5 Market Data - As of December 9, 2025, the total open interest of all contracts of the container shipping index (European routes) futures is 61,484 lots, and the single - day trading volume is 23,235 lots. The closing prices of different contracts are as follows: EC2602 contract is 1,619.80, EC2604 contract is 1,073.60, EC2606 contract is 1,219.10, EC2608 contract is 1,379.90, EC2610 contract is 1,019.30, and EC2512 contract is 1,664.70 [8]. - On December 5, the SCFI (Shanghai - Europe route) price is 1,400 US dollars/TEU, the SCFI (Shanghai - West Coast of the United States) price is 1,550 US dollars/FEU, and the SCFI (Shanghai - East Coast of the United States) price is 2,315 US dollars/FEU. On December 8, the SCFIS (Shanghai - Europe) is 1,509.10 points, and the SCFIS (Shanghai - West Coast of the United States) is 960.51 points [8]. - In 2025, it is still a big year for container ship deliveries. As of December 7, 2025, 245 container ships have been delivered, with a total capacity of 1.99 million TEU. Among them, 74 ships with a capacity of 12,000 - 16,999 TEU and 12 ships with a capacity of over 17,000 TEU have been delivered, with a total capacity of 1.119 million TEU and 253,800 TEU respectively [8].

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Trade relations between the US and China, with a focus on exports and tariffs - **Key Focus**: Ongoing trade talks and their implications for export growth and inflation in China Core Insights and Arguments 1. **Trade Truce and Talks**: Ongoing trade discussions between the US and China are expected to reduce the risks of a trade war escalation, although specific details remain undisclosed [2][3] 2. **Export Growth Projections**: China's export growth is anticipated to slow significantly to nearly 0% in the second half of the year, following a robust growth of approximately 6% in the first half [1][12] 3. **Tariff Implications**: The US is likely to maintain a 30% additional tariff on China after the current 90-day pause ends on August 12, as indicated by US Commerce Secretary Howard Lutnick [3][6] 4. **Rare Earths Export Controls**: The rare earths issue is a priority for the US, with some progress reported in talks, but Chinese media did not confirm any changes to export controls [4] 5. **Export Performance**: In May, China's export growth slowed to 4.8% year-on-year from 8.1% in April, primarily due to a significant decline in exports to the US [5][20] 6. **Trans-shipments via Vietnam**: Vietnam is becoming a key conduit for Chinese exports to the US, with significant increases in both Chinese exports to Vietnam and Vietnamese exports to the US [9][10] 7. **Container Shipping Activity**: There has been a rebound in container shipping activity from China to the US, with a reported 18.2% increase in the number of container ships during the week of June 3-9 [11] 8. **CPI and PPI Trends**: China's CPI deflation continued in May, with a year-on-year decline of 0.1%, indicating persistent economic weakness [18][21] 9. **Credit Growth**: China's credit growth stabilized at 8.7% year-on-year in May, supported by government bond issuance, although private loan demand remains weak [26][29] Additional Important Insights 1. **Retail Sales and Industrial Production**: Retail sales are expected to show resilience, with a projected increase of 5% year-on-year, while industrial production is anticipated to rise by 5.8% [30] 2. **Investment Sentiment**: Weak investment sentiment is reflected in declining corporate long-term credit demand, indicating concerns over trade policies and the property market [29] 3. **Inflation Forecast**: The full-year CPI inflation forecast for 2025 has been lowered to 0.2%, reflecting ongoing deflationary pressures [23] This summary encapsulates the critical points discussed in the conference call, highlighting the current state of trade relations, export performance, and economic indicators in China.