HAIFA, Israel, Dec. 22, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today provided an investor update on its strategic review process. As part of the review of strategic alternatives that has been on-going during the past several months, the ZIM Board of Directors received competitive proposals from multiple strategic parties to acquire all the outstanding ordinary shares of the Company, and it is currently evaluating such proposals with a focus on delive ...

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 ...

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].

Core Viewpoint - ZIM Integrated Shipping Services Ltd. has demonstrated strong operational and financial performance, emphasizing its commitment to shareholder value and ongoing strategic review amid a proxy fight with dissident shareholders [1][2][3]. Company Performance - Since its IPO in 2021, ZIM has achieved total shareholder returns exceeding 300%, outperforming larger global carriers and the S&P 500 [4]. - The company has grown its fleet from approximately 70 to 129 vessels, doubling its TEU carrying capacity, and maintained EBIT margins averaging 30% since the IPO [6]. - ZIM has returned $5.7 billion in dividends since its IPO, equating to over $47 per share, which is more than three times the IPO price [6]. Strategic Review - The Board is conducting a comprehensive strategic review to assess opportunities for enhancing shareholder value, prompted by an unsolicited proposal from the CEO that was deemed to undervalue the company [9][10]. - The review is ongoing and includes evaluating potential alternatives and enhancements to ZIM's standalone plan, with multiple indications of interest received [11]. Board Composition - ZIM's Board is independent and has been significantly refreshed, with five of eight directors added since the IPO, bringing substantial expertise in finance, M&A, and operational leadership [12]. - The independent Board meets weekly to oversee the strategic review process, ensuring active engagement and oversight [12]. Response to Dissident Group - The dissident group's campaign is criticized for being based on misleading assumptions and lacking constructive engagement with the Board [13][15]. - The dissident nominees are noted to have limited relevant experience in shipping and logistics, which raises concerns about their ability to oversee ZIM's strategic review [19][20]. - The Board emphasizes the importance of maintaining independent oversight to protect shareholder value and ensure a successful strategic review [23][24].

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 - ZIM Integrated Shipping Services Ltd. is set to distribute a dividend of $0.31 per ordinary share, amounting to approximately $37 million, on December 8, 2025, with a tax ruling from the Israeli Tax Authority allowing for a potentially reduced withholding tax rate for certain shareholders [6][1]. Dividend Distribution - The dividend payment is scheduled for December 8, 2025, with shareholders eligible as of December 1, 2025 [6]. - The company will withhold 25% of the dividend amount for tax purposes, remitting this to the appointed agent, IBI Trust Management [8][9]. Tax Withholding Procedures - The standard Israeli withholding tax rate is 30% for substantial shareholders and 25% for other shareholders, but certain shareholders may qualify for a reduced rate under specific conditions [7][8]. - Shareholders from countries with tax treaties with Israel can apply for a reduced withholding tax rate during the Change of Rate Period, which runs from the payment date to January 8, 2026 [8][10]. Documentation Requirements - Shareholders must submit all required documentation to the agent by January 8, 2026, to be eligible for the reduced tax rate [10][11]. - Required documents include proof of tax residence, identification, and confirmation of beneficial ownership of the dividend [8][11]. Agent Appointment - IBI Trust Management has been appointed as the processing agent to facilitate the tax withholding procedures for shareholders [9][12]. - The agent will not provide tax advice, and shareholders are encouraged to consult their own tax and financial advisors [4][9].

Core Viewpoint - ZIM Integrated Shipping Services Ltd. is undergoing a strategic review following a preliminary acquisition proposal from its CEO and President, aiming to maximize shareholder value through various alternatives [2][3]. Group 1: Strategic Review - The Board of Directors has initiated a strategic review of alternatives, including a potential sale of the company and capital allocation opportunities [2][3]. - ZIM has engaged Evercore as its financial advisor and Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel to assist in this review [2]. - The review has attracted interest from multiple parties, including strategic interests, which the Board is evaluating [3]. Group 2: Board Composition - Recently, ZIM's Board of Directors added two independent directors, Yair Avidan and Dr. Yoram Turbowicz, enhancing the Board's financial and transactional expertise [5]. Group 3: Company Overview - Founded in 1945, ZIM is a leading global container liner shipping company operating in over 90 countries and serving approximately 33,000 customers across more than 300 ports [6]. - The company focuses on leveraging digital strategies and ESG values to provide innovative transportation and logistics services [6].

Core Viewpoint - ZIM Integrated Shipping Services Ltd. reported a significant decline in financial performance for Q2 2025 compared to Q2 2024, with a focus on leveraging its modern fleet and improved cost structure to navigate market volatility and position for sustainable growth [3][5][7]. Financial Performance - Total revenues for Q2 2025 were $1.64 billion, a decrease of 15% from $1.93 billion in Q2 2024 [4][7]. - Net income for Q2 2025 was $24 million, down from $373 million in Q2 2024, resulting in diluted earnings per share of $0.194 compared to $3.08 [5][9]. - Adjusted EBITDA for Q2 2025 was $472 million, a year-over-year decrease of 38% from $766 million in Q2 2024 [10][39]. - Operating income (EBIT) for Q2 2025 was $149 million, down from $468 million in Q2 2024 [8][10]. Operational Metrics - Carried volume in Q2 2025 was 895 thousand TEUs, a decrease of 6% from 952 thousand TEUs in Q2 2024 [4][8]. - The average freight rate per TEU in Q2 2025 was $1,479, down 12% from $1,674 in Q2 2024 [4][8]. Guidance and Future Outlook - The company increased its full-year 2025 guidance for Adjusted EBITDA to a range of $1.8 billion to $2.2 billion and Adjusted EBIT to a range of $550 million to $950 million [3][21]. - ZIM's management emphasized the importance of operational excellence and fleet flexibility to adapt to changing market conditions [3][21]. Cash Flow and Capital Allocation - Net cash generated from operating activities for Q2 2025 was $441 million, compared to $777 million in Q2 2024 [11][41]. - Free cash flow for Q2 2025 was $426 million, down from $712 million in Q2 2024 [41]. Dividend Declaration - The Board of Directors declared a cash dividend of approximately $7 million, or $0.06 per share, reflecting about 30% of Q2 2025 net income [18].

Core Viewpoint - ZIM Integrated Shipping Services Ltd. is aware of market rumors regarding a potential acquisition proposal but does not comment on such speculation [1] Company Overview - ZIM was founded in Israel in 1945 and is a leading global container liner shipping company with operations in over 100 countries [2] - The company serves approximately 33,000 customers across more than 330 ports worldwide [2] - ZIM employs digital strategies and adheres to ESG values to offer innovative seaborne transportation and logistics services [2] - The company's strategy focuses on agile fleet management and deployment, covering major trade routes with a competitive advantage in select markets [2]

Core Points - ZIM Integrated Shipping Services Ltd. will release its second quarter 2025 financial results on August 20, 2025, before U.S. markets open [1] - A conference call and webcast will be held at 8:00 AM ET to review the results and provide a corporate update [1][2] Company Overview - ZIM, founded in 1945 in Israel, is a leading global container liner shipping company operating in over 90 countries and serving approximately 33,000 customers across more than 300 ports [3] - The company employs digital strategies and adheres to ESG values to deliver innovative seaborne transportation and logistics services, focusing on exceptional customer experience [3] - ZIM's global-niche strategy emphasizes agile fleet management and deployment, targeting major trade routes and select markets where it holds competitive advantages [3]