ZIM Integrated Shipping Services Ltd
Marine
ZIM Integrated Shipping Services Ltd (ZIM) Stock News
The latest ZIM headlines and market coverage — 4 recent stories, updated throughout the day.
- Benzinga·
Jim Cramer: Buy ZIM Integrated Shipping Services, This IPO Could Add 'A Couple Of Bucks'
On CNBC's Mad Money Lightning Round, Jim Cramer recommended buying ZIM Integrated Shipping Services, citing Middle East tensions and a 14% yield. He also expressed bullish sentiment on BlackBerry's auto technology and Quantinuum's IPO (Honeywell spin-off), while recommending investors cut losses on Power Solutions International due to poor quarterly results.
- Benzinga·
ZIM Integrated Profit Hit Stems From Shipping Market Weakness
ZIM Integrated Shipping reported weak Q1 2026 results with sales declining 30% YoY to $1.40 billion and adjusted EBITDA falling 60% YoY to $313 million, driven by lower freight rates and reduced cargo volume. The company faces headwinds from Persian Gulf conflicts increasing bunkering costs, though management expects relief from LNG fleet advantages and improving Transpacific demand. ZIM is set to be acquired by Hapag-Lloyd for $35 per share, with the deal expected to close by late 2026.
- Benzinga·
ZIM Integrated Profit Hit Stems From Shipping Market Weakness
ZIM Integrated Shipping Services Ltd (NYSE: ZIM ) shares are trading lower on Wednesday after the company reported first-quarter results . Details Sales declined 30% year-over-year (Y/Y) to $1.40 billion, missing the consensus of $1.585 billion. Revenue declined due to lower freight rates along with a decline in carried volume. The cargo shipping company’s carried volume in the quarter was 866,000 TEUs, down 8% Y/Y. The average freight rate per TEU was $1,310 (-26% Y/Y). Adjusted EBITDA declined 60% Y/Y to $313 million, with margins of 22% vs. 39% in the prior year quarter. The Haifa, Israel-based company generated adjusted loss per share of 71 cents, missing the consensus loss of 53 cents . ZIM currently operates 114 container vessels with a combined capacity of 699,000 TEUs, along with 13 car carriers. Cash Flow Position & Liquidity Operating cash flow for the quarter was $263 million, compared to $855 million a year ago. Free cash flow for the quarter was $235 million. Capital expenditures were $31 million during the quarter. Net ... Full story available on Benzinga.com
- Benzinga·
ZIM Reports Financial Results for the First Quarter of 2026
Reported First Quarter Revenues of $1.40 Billion, Net Loss of $86 Million, Adjusted EBITDA 1 of $313 Million and Adjusted EBIT 1 Loss of $5 Million HAIFA, Israel , May 20, 2026 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM ) ("ZIM" or the "Company"), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2026. First Quarter 2026 Highlights Net loss for the first quarter was $86 million (compared to a net income of $296 million in the first quarter of 2025), or diluted loss per share of $0.71 2 (compared to diluted earnings per share of $2.45 in the first quarter of 2025). Adjusted EBITDA for the first quarter was $313 million, a year-over-year decrease of 60%. Operating loss (EBIT) for the first quarter was $18 million, compared to operating income of $464 million in the first quarter of 2025. Adjusted EBIT loss for the first quarter was $5 million, compared to Adjusted EBIT of $463 million in the first quarter of 2025. Revenues for the first quarter were $1.40 billion, a year-over-year decrease of 30%. Carried volume in the first quarter was 866 thousand TEUs, a year-over-year decrease of 8%. Average freight rate per TEU in the first quarter was $1,310, a year-over-year decrease of 26%. Net leverage ratio 1 of 1.7x as of March 31, 2026, compared to 1.3x as of December 31, 2025; net debt 1 of $2.93 billion as of March 31, 2026, compared to net debt of $2.92 billion as of December 31, 2025. Eli Glickman, ZIM President & CEO, stated , "Our first quarter results were broadly in line with our expectations, reflecting a softer freight rate environment, coupled with weaker demand. Importantly, as the proposed transaction with Hapag-Lloyd moves forward and we continue to navigate the ongoing hostilities affecting Israel and the Middle East, ZIM remains firmly focused on service reliabili