$ZIM

Container freight rates rose on Asia-Europe and trans-Pacific routes last week due to congestion and canceled sailings, despite cooling demand. Freightos (CRGO) reported carriers' return to the Red Sea, while a potential strike at Los Angeles-Long Beach adds uncertainty. Asia-North Europe rates increased 3% to $3,551 per FEU, and trans-Pacific rates also rose. U.S. trade policy deadlines and potential tariff changes add further uncertainty for importers.

ZIM Integrated Shipping Services' (ZIM) container ship, Contship Jet, sank in the Black Sea after a drone strike. The crew was rescued, but 421 containers were lost. ZIM stated the financial impact is minimal and a replacement vessel is being secured. The incident occurred near Bulgaria, reflecting escalating regional tensions.

Amentum (AMTM) reported $400M in nuclear awards, $1B in defense awards, and $250M in digital infrastructure contracts, with a backlog of $48.2B. Intuitive Machines (LUNR) saw Q2 revenue quadruple to $206M, but reported a $62.8M loss. ZIM (ZIM) raised 2026 EBITDA guidance to $2.7B-$3B and awaits regulatory approval for a $35/share acquisition.

Major ocean carriers are ordering new container ships at the fastest pace since 2009. MSC, HMM, Maersk, CMA CGM, and Cosco Shipping have placed large orders, with deliveries expected between 2027 and 2030. Maersk's CEO noted high vessel utilization and growing demand, while Hapag-Lloyd focuses on acquiring ZIM. According to Linerlytica, global orders now represent 46.5% of the existing fleet, with BIMCO projecting a 9% fleet growth in 2027.

ZIM will suspend its ZIM Gulf Toucan service connecting the US Gulf with South America's East Coast. The final voyages are scheduled for October and November 2026. Cargo will be rerouted through other ZIM services.

Hapag-Lloyd (HLSE) detailed its revised proposal to acquire ZIM, addressing Israeli concerns. The plan includes new shipping routes, investment in Israeli maritime personnel, and a new fleet. The company aims to strengthen Israel's maritime independence and address national security needs. The revised proposal will be presented to Israeli authorities for approval.

MSC announced Hapag-Lloyd will exit the Ipanema vessel-sharing agreement on the Asia–East Coast South America trade in April 2027. MSC and ONE will then operate the service, with MSC adding ships. Hapag-Lloyd will run two loops, one matching Maersk's ASAS and another with ZIM, subject to regulatory approvals. The deal with ZIM, agreed in February 2026, awaits Israeli government approval.

ZIM Integrated Shipping Services raised its full-year 2026 expectations significantly in just six weeks. The company's projections were previously announced, but details are available only to members of thedcn.com.au. According to the company, the updated outlook reflects improved market conditions and operational performance.

In US pre-market trading, most Mag-7 stocks fell while Apple rose 0.5%. Intel gained 0.5% on comments about Musk’s Terafab venture. Constellation Brands fell 6% on a light profit outlook and softer beer demand. Under Armour rose 1% after Frasers Group built an 8.8% stake. Hess Midstream fell 2% as Chevron planned to divest its interests and Hess Midstream cut its outlook. SPCX fell 2.5% while seeking USD 40bln in financing; ZIM gained 4.5% after raising guidance.

Zim Integrated Shipping Services raised its 2026 earnings outlook by $600m, expecting up to $3bn in Ebitda. The increase is due to strong freight rates, according to the company.