Zim Q2 Profit Rises, Brazil Reviews Hapag Merger Proposal
Israeli container carrier Zim posted a small profit in Q2, with $1.8 billion in income, about $500 million in EBITDA, and roughly $64 million in net income as average freight rates strengthened. Shares fell about 4%. Investor focus shifted to Brazil regulators’ thorough review of Zim’s proposed merger with Hapag-Lloyd, while Israel’s defense ministry opposed the plan and regulators may extend review until March 2027.