Hapag-Lloyd expects its proposed acquisition of ZIM to generate annual synergies of between US$300 million and US$500 million, according to CEO Rolf Habben Jansen.
The German carrier also said discussions with authorities over the transaction have become significantly more intensive as it works to secure the necessary regulatory approvals.
Hapag-Lloyd faces mounting Israeli opposition to $4.2 billion ZIM deal
Regulatory talks enter direct dialogue
Hapag-Lloyd entered into a binding merger agreement with ZIM in February, and the transaction has already received shareholder approval.
“We are working with the relevant regulatory bodies to obtain the necessary approvals. Discussions with the authorities have become significantly more intensive, and we are now in a phase of direct dialogue,” said Habben Jansen.
He added that Hapag-Lloyd remains convinced by the transaction but acknowledged that adjustments may be necessary to address concerns raised during the approval process.
Hapag-Lloyd highlights strategic benefits
Habben Jansen said the transaction would strengthen Hapag-Lloyd’s market position while providing access to ZIM’s fleet, workforce and customer base.
The combined company would operate more than 400 vessels, with capacity exceeding 3 million TEU and annual transport volumes of more than 18 million TEU.
Hapag-Lloyd said it is also developing an improved proposal with its partners to address concerns raised by the Israeli government and relevant authorities.
The revised proposal is designed to strengthen Israel’s maritime security and independence, including protections under the country’s Golden Share framework.
