Israeli container shipping line ZIM Integrated Shipping Services reported a sharp improvement in second-quarter profitability, with net income rising 170% year on year to $64 million, compared with $24 million in the same period of 2025. Revenue increased 9% to $1.78 billion, supported by stronger freight rates and higher container volumes.
ZIM carried 922,000 TEUs during the quarter, up 3% from 895,000 TEUs a year earlier. The average freight rate climbed 8% to $1,590 per TEU, compared with $1,479 in Q2 2025, making higher rates and increased volumes the main drivers of revenue growth.
The carrier’s adjusted EBITDA reached $491 million, up 4% from $472 million a year earlier. Adjusted net income, excluding costs related to the pending Hapag-Lloyd transaction, rose 226% to $77 million from $24 million. ZIM also generated $386 million in free cash flow during the quarter.
ZIM said its strong position in the Transpacific trade was a key factor behind the improved results. The carrier benefited from favourable market conditions, its modern and fuel-efficient fleet, and an agile commercial strategy.
Despite the strong quarterly performance, ZIM’s first-half results remained weaker than the previous year. Revenue for the first six months fell to $3.18 billion, compared with $3.64 billion in H1 2025, while the company recorded a net loss of $22 million against a $320 million profit a year earlier.
ZIM transported 1.788 million TEUs during the first half, compared with 1.839 million TEUs in H1 2025. The average freight rate also declined to $1,455 per TEU from $1,632, reflecting the weaker market conditions earlier in the year.
Looking ahead, ZIM maintained its full-year 2026 guidance for adjusted EBITDA of $2.0 billion to $2.4 billion and adjusted EBIT of $700 million to $1.1 billion. The company expects significantly stronger performance during the second half of the year.
The results come as ZIM continues to operate under a pending agreement to be acquired by Hapag-Lloyd. The transaction remains subject to closing conditions, including regulatory approvals, with the parties continuing to work with relevant authorities.
ZIM’s second-quarter recovery therefore provides a notable improvement after a weak first half, with stronger Transpacific performance, higher freight rates and increased volumes helping the carrier restore profitability and strengthen cash generation.