Hapag-Lloyd to Buy Competitor Zim in $4.2 Billion Deal

ZIM Integrated Shipping Services freight containers.Photographer: Aaron McKenzie Fraser/Bloomberg

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By Galit Altstein

February 16, 2026 at 2:51 PM UTC

Updated on

February 16, 2026 at 3:51 PM UTC

Hapag-Lloyd AG is buying Israel’s Zim Integrated Shipping Services Ltd as the German shipping company aims to grow in size and bolster its presence in Asia.

The agreement for a cash deal at $35 a share, which is subject to regulatory approvals in Israel, values Zim at around $4.2 billion, Hapag-Lloyd said Monday.