6-K
ZIM Integrated Shipping Services Ltd. (ZIM)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2025
Commission File Number: 001-39937
ZIM Integrated Shipping Services Ltd.
(Exact Name of Registrant as Specified in Its Charter)
9 Andrei Sakharov Street
P.O. Box 15067
Matam, Haifa 3190500, Israel
+972 (4) 865-2000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
On December 9, 2025, ZIM Integrated Shipping Services Ltd. (the “Company”) issued a press release and a presentation. A copy of the press release, as well as a copy of the presentation are attached herewith as Exhibit 99.1 and Exhibit 99.2.
The information in this Form 6-K (including Exhibits 99.1 and 99.2) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ZIM INTEGRATED SHIPPING SERVICES LTD. | |
|---|---|
| By: | /s/ Noam Nativ |
| Noam Nativ | |
| EVP, General Counsel & Company Secretary |
Date: December 9, 2025
EXHIBIT INDEX
| EXHIBIT NO. | DESCRIPTION |
|---|---|
| 99.1 | Press Release dated December 9, 2025 |
| 99.2 | Presentation |
Exhibit 99.1
Board of Directors of ZIM Integrated Shipping Services Files
Investor Presentation and Issues Letter to Shareholders
HAIFA, Israel, Dec. 9, 2025 – The independent Board of Directors of ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM” or the “Company”) today released a presentation and issued a letter to shareholders highlighting the Company’s strong performance, robust capital returns and commitment to shareholder value and providing an update on ZIM’s ongoing strategic review process and the proxy fight led by Mor Gemel & Pension Ltd., Reading Capital Ltd., and Sparta 24 Ltd. The presentation and letter to shareholders can be accessed on ZIM’s website here.
The Board urges shareholders to vote ONLY “FOR” all eight of ZIM’s director nominees and “AGAINST” the three director nominees proposed by the dissident shareholders in connection with the Company’s Annual and Extraordinary General Meeting of Shareholders of ZIM on December 26, 2025.
The full text of the letter follows:
Letter to Shareholders
Dear Fellow Shareholders,
We want to begin by thanking you for your ongoing engagement with ZIM during this important period for the Company. Over the past several years, our Company has undergone a remarkable operational and financial transformation. We have strengthened our operating platform, modernized our fleet, honed our commercial network, returned significant capital to shareholders, and built a governance framework centered on independence, expertise, and disciplined oversight. These efforts have positioned ZIM as a strong Company that is highly competitive in an industry experiencing significant change.
As we approach our upcoming Annual General Meeting, it is important that we share with you – clearly and candidly – why ZIM is well-positioned for the future, why the Board is conducting a comprehensive strategic review, and why your Board unanimously believes that supporting all eight of ZIM’s nominees is essential to protecting and maximizing the value of your investment.
ZIM Today: A Strong, Transformed, Highly Competitive Company
Since our IPO in 2021, ZIM has delivered peer-leading total shareholder returns of more than 300%, significantly outperforming larger global carriers and the S&P 500^1^. This outperformance is the result of a multi-year transformation executed with discipline and guided by a Board committed to operational excellence and value creation.
Specifically, since 2020^2^:
| • | We have grown our fleet from ~70 to ~129 vessels and doubled our TEU carrying capacity. |
|---|---|
| • | Our EBIT margins have averaged 30% since our IPO, superior or comparable to larger carriers with significant scale advantages. |
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| • | We have returned an extraordinary $5.7 billion in dividends since our IPO – over $47 a share or more than three times the IPO price – reflective of strong financial performance and a thoughtful capital return policy. |
| --- | --- |
| • | Book equity has increased from ~$0.1 billion to approximately $4.0 billion, reflecting the significant earnings and strength of our balance sheet and operating model. |
| --- | --- |
Underpinning these results is a clear operating strategy. ZIM focuses on trade lanes where it can hold meaningful, defensible share and deliver superior service. Our largest lane – the Transpacific – represents 42% of volumes and continues to demonstrate strong demand and attractive rate dynamics. Our long-standing partnership with MSC further enhances scale and reliability on key routes.
Just as importantly, ZIM operates with agility. Our charter-intensive fleet model gives us flexibility to adjust capacity as market conditions evolve. At the same time, the Company has steadily increased the proportion of owned or long-term chartered vessels, improving fleet quality and reducing exposure to short-term charter volatility.
These strategic decisions have created a modern, efficient customer-focused platform capable of generating strong earnings across cycles – a testament to the disciplined execution of our management team and the oversight of your Board.
Why the Board Is Conducting a Strategic Review
The Board’s mandate is to act in the best interests of all shareholders and to continually assess opportunities to enhance value. Since the IPO, the Board has consistently reviewed strategic alternatives in light of evolving industry dynamics, competitive developments, and ZIM’s own scale and fleet profile.
Several months ago, the Board received an unsolicited preliminary, non-binding proposal from Eli Glickman, the Company’s CEO and President, and Rami Ungar. In accordance with our governance framework, the independent Board, excluding management, evaluated the proposal and unanimously determined that it materially undervalued the Company.
^1^ Total shareholder returns represent capital gains yield (reflecting share price appreciation), plus dividend yield (assuming dividends are reinvested) since ZIM IPO date (1/28/21) to unaffected date (8/8/25), the last trading date before news of a potential unsolicited management buyout leaked
^2^ 2020 figures as of 9/30/20
Given this interest and taking into account ZIM’s trading levels and broader sector dynamics, the Board determined that it would be prudent and in the interests of all shareholders to assess whether other value-maximizing opportunities might be available. As part of this process, the Board has:
| • | Initiated a comprehensive, independent review of potential alternatives; |
|---|---|
| • | Engaged leading independent financial and legal advisors; |
| --- | --- |
| • | Formed an independent Transaction Committee; |
| --- | --- |
| • | Appointed two new independent directors who bring substantial financial and transactional expertise to bolster the review; and |
| --- | --- |
| • | Conducted outreach to multiple strategic and financial parties. |
| --- | --- |
The review is ongoing, rigorous, and objective and includes evaluation of potential alternatives, as well as enhancements to our standalone plan. Multiple indications of interest have been received, which the Board is evaluating carefully. Our focus is singular: to identify the path that maximizes value for all shareholders. Management is not participating in the evaluation of alternatives and the review is being conducted solely by the independent Board.
A Highly Qualified, Refreshed, Independent Board
ZIM benefits from an independent, significantly refreshed Board, with five of eight directors added since the IPO, including two newly appointed directors who bring substantial financial, M&A, regulatory, and operational leadership experience.
Collectively, the Board has:
| • | Maritime, logistics, and industrial operating expertise; |
|---|---|
| • | Significant M&A, financial, and capital allocation experience; |
| --- | --- |
| • | Meaningful regulatory, governmental, and risk-oversight backgrounds; and |
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| • | Strong public company governance experience. |
| --- | --- |
The independent Board meets weekly to oversee the strategic review process and each of our directors is highly engaged. This combination of independence, relevant expertise, and active oversight uniquely qualifies the Board to guide ZIM through this evaluation.
Why the Dissident Group’s Campaign Is Misguided and Harmful
| 1. | The Dissident Group’s Campaign Is Based on Misleading Assumptions Regarding the Strategic Review and ZIM’s Capital Allocation Strategy |
|---|
The dissident group did not meaningfully engage with us on the issues they now raise and chose to submit their nominations without prior discussion or warning. Their campaign appears to be rooted in the false assumption that the Board is planning to sell the Company to the management group at an inadequate price.
They initiated their campaign following media speculation that the Board was open to considering an unsolicited management bid at a price below ZIM’s cash balance, before the Company disclosed that the Board has initiated a strategic review. The rumor that the Board was willing to accept such an undervalued bid was clearly false. The Board had already evaluated the management group’s proposal and rejected it as undervaluing the Company. As the Board has disclosed publicly, it is instead pursuing a broad process and has already received indications of interest from multiple parties, including strategic interest.
Importantly, despite seeking to control almost half of the Board, the dissident group has not articulated any other ideas to improve ZIM’s operations, fleet strategy, capital allocation, or competitive positioning. The only substantive proposal they have made relates to statements made to Israeli media regarding their desire for ZIM to issue a large special dividend that would undermine ZIM’s liquidity and create substantial risk to shareholder value given our charter-intensive model, which requires adequate cash to navigate industry cycles.
On December 5, 2025, leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) issued a report recommending that ZIM shareholders vote for all eight of ZIM’s director nominees and against the three director nominees proposed by the dissident group. In coming to its conclusion, ISS noted that the dissident group “[had] made no attempt to work constructively with the board nor provided any suggestions for improving the company’s business or any other insight into how to create long-term value for shareholders” and that they “[had] not provided a compelling or sufficient rationale to support the proposed candidates or to demonstrate that a change to the board is warranted.”
| 2. | The Dissident Group Nominees Lack Relevant Experience |
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The dissident nominees have limited experience in shipping, logistics, maritime operations, or managing large industrial platforms, and lack meaningful public company transactional experience. This stands in stark contrast to the capabilities required to oversee ZIM’s global footprint or the ongoing strategic review and the dissident group has not provided any reason why their hand-picked directors are qualified to oversee a global shipping company.
Replacing independent, experienced, qualified directors with nominees lacking relevant industry, transactional and governance expertise would risk disrupting the strategic review at a late stage and could impair the Board’s ability to secure a value-maximizing outcome for shareholders.
| 3. | The Dissident Group Has Failed to Provide Adequate Disclosures in Compliance With Securities Laws |
|---|
In making their nominations, the dissident group has represented that they own over 5% of ZIM’s outstanding shares. This level of ownership, combined with their coordinated actions to replace almost half of ZIM’s Board, requires the filing of a Schedule 13-D under the U.S. securities laws, which requires them to identify the members of the group and information regarding their ownership. To date, the dissident group has failed to provide these required disclosures, raising serious questions about their transparency and intent.
As a ZIM shareholder, you deserve to know who is asking for your vote and why they have chosen not to comply with basic securities laws in conducting their campaign. It is the Board’s view that this basic lack of transparency should be disqualifying for a group of shareholders who are seeking to substantially influence the future of ZIM, including the evaluation of potentially value-maximizing alternatives.
Your Board’s Commitment and a Call for Your Support
Your Board is fully capable and committed to acting in the best interests of all shareholders. We are overseeing the business to ensure that ZIM maintains the financial strength, operational flexibility, and governance discipline needed to continue to deliver peer-leading shareholder returns in a dynamic global environment. We are also conducting a rigorous and objective review of strategic alternatives with the goal of maximizing value for shareholders.
At this critical juncture, continuity of independent, qualified Board oversight is essential. Supporting the Company’s nominees and voting against the shareholder group’s nominees will help preserve the integrity of our Board’s oversight of our business and strategy, as well as the strategic review, and protect the value of your investment.
For these reasons, we strongly urge you to vote FOR ALL eight of ZIM’s director nominees and AGAINST the dissident nominees at the upcoming Annual General Meeting.
We appreciate your consideration and engagement as you evaluate these important matters.
Sincerely,
The Board of Directors
ZIM Integrated Shipping Services Ltd.
Your Vote is Important
Consistent with ISS’s recommendation, the Board of Directors strongly urges all ZIM shareholders to protect the value of their investment by voting “FOR ALL” of the Company's nominees TODAY.
If shareholders have questions or require assistance in voting their shares for the Meeting, please contact the Company’s proxy solicitor, Sodali & Co, at the following contact information:
Sodali & Co
Toll Free: \(800\) 662-5200
Brokers and Banks: \(203\) 658-9400
Email: ZIM@info.sodali.com
About ZIM
Founded in Israel in 1945, ZIM is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 33,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers with innovative seaborne transportation and logistics services and exceptional customer experience. ZIM’s differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.
Forward-Looking Statements
This press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “proposed,” potential” or “continue,” the negative of these terms and other comparable terminology. These statements are only predictions based on the Company’s current expectations and projections about future events or results. There are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include risks and uncertainties detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including under the caption “Risk Factors” in its 2024 Annual Report filed with the SEC on March 12, 2025. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.
Investor Relations:
Sodali & Co
ZIM@info.sodali.com
Exhibit 99.2
Investor Presentation December 2025
Disclaimer our expectation of modifications with respect to our and other shipping companies’ operating fleet and lines, including the utilization of larger vessels within certain trade zones and modifications made in light of environmental regulations; the expected benefits of our cooperation agreements and strategic partnerships; formation of new alliances among global carriers, changes in and disintegration of existing alliances and collaborations, including alliances and collaborations to which we are not a party to; our anticipated insurance costs; our expectations regarding the availability of crew; our expectations regarding our environmental and regulatory conditions, including extreme weather events, changes in laws and regulations or actions taken by regulatory authorities, and the expected effect of such regulations; our expectations regarding potential liability from current or future litigation; our plans regarding hedging activities; our ability to pay dividends in accordance with our dividend policy; our expectations regarding our competition and ability to compete effectively; actions of activist shareholders, including as a result of the current proxy contest; and other risks and uncertainties detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including under the caption “Risk Factors” in its 2024 Annual Report filed with the SEC on March 12, 2025. The Company prepares its financial statements in accordance with IFRS Accounting Standards (IFRSs), as issued by the International Accounting Standards Board (IASB). See further disclosure regarding "Use of Non-IFRS Financial Measures” below. Use of Non-IFRS Measures in the Company’s Guidance A reconciliation of the Company’s non-IFRS financial measures included in its full-year 2025 guidance to corresponding IFRS measures is not available on a forward-looking basis. In particular, the Company has not reconciled its Adjusted EBITDA and Adjusted EBIT because the various reconciling items between such non-IFRS financial measures and the corresponding IFRS measures cannot be determined without unreasonable effort due to the uncertainty regarding, and the potential variability of, the future costs and expenses for which the Company adjusts, the effect of which may be significant, and all of which are difficult to predict and are subject to frequent change. Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company’s current expectations and projections about future events or results. There are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: our expectations regarding general market conditions as a result of the current geopolitical instability, developments and further escalation of events, including, but not limited to, the political and military instability in the Middle East and the war between Russia and Ukraine; our expectations regarding general market conditions as a result of global economic trends, including potential rising inflation and interest rates, imposition and/or increase or decrease in tariffs or other charges imposed on import, export or trade as a result of geopolitical and other events; our expectations regarding trends related to the global container shipping industry, including with respect to fluctuations in vessel and container supply, industry consolidation, demand for containerized shipping services, bunker and alternative fuel prices and supply, charter and freights rates, container values and other factors affecting supply and demand; our plans regarding our business strategy, areas of possible expansion and expected capital spending or operating expenses; our ability to adequately respond to political, economic and military instability in Israel, the Middle East and elsewhere (particularly as a result of the Israel-Hamas war and the Israel-Hezbollah and Israel-Iran armed conflicts), and our ability to maintain business continuity as an Israeli-incorporated company in times of emergency; our ability to effectively handle cyber-security threats and recover from cyber-security incidents, including in connection with the war between Israel and Iran and Iranian-backed proxies; our anticipated ability to obtain additional financing in the future to fund expenditures;
TSR Outperformance and Robust Capital Returns Have Positioned ZIM for Strong Growth Strong Board with Deep Industry, Financial, and Transactional Expertise 7 of 8 directors independent; 5 added since IPO, including 2 new directors this year Deep expertise in shipping/logistics, finance, governance, and M&A Strong, independent oversight of strategic review process with track record of value creation The Dissident Group’s Nominees are Not the Right Fit for Our Board Lack relevant experience in shipping, global logistics, or large, asset-intensive operations Inadequate executive, operational and transactional experience, as well as governance concerns Not suited to oversee ZIM during an ongoing strategic review in context of a complex global operating environment Representing a Dissident Group that has not presented any reasonable strategic plan for ZIM, has not made a compelling case for why Board change is necessary and is pursuing a self-serving proxy fight while failing to comply with US Securities laws Industry Outperformance with Track Record of Value Creation Industry-leading TSR of 300%+ since IPO, significantly outperforming peers and the S&P 5001 Multi-year transformation has scaled the business, enhanced liquidity and improved ZIM’s balance sheet, with book equity increasing ~$3.9B since 2020 Operating Strategy That Continues to Deliver Value for Shareholders Network strategy heavily focused on high-demand, high-yield Transpacific trade lanes, which comprise 42% of ZIM’s volumes Highly agile network management model that rapidly adjusts route deployments across all market environments Partnership with largest global container liner, MSC, on key Asia – US East Coast routes, supplementing ZIM’s 11% market share Optimized and upgraded fleet with a 40% increase in vessel size since IPO and 40% of operated capacity of LNG power, which provide for efficient operations and compliance with environmental standards Prudent Capital Allocation and Significant Capital Return Dividend policy targeting 30% of quarterly net income for the first three quarters of the year, with a cumulative annual dividend target of up to 50% of annual net income Returned $5.7bn to shareholders through dividends ($47.54/share; >3x IPO price) since IPO2 Retained earnings creating liquidity buffer and supporting further investments in the business ZIM’s multi-year transition reflects disciplined Board oversight and strong management execution Source: Company Filings, Alphaliner Total shareholder returns represent capital gains yield (reflecting share price appreciation), plus dividend yield (assuming dividends are reinvested) since ZIM IPO date (1/28/21 ) to unaffected date (8/8/25), the last trading date before news of a potential management buyout leaked ; peers include Hapag-Lloyd and Maersk Includes Q3-2025 dividends paid on 12/1/25 1
Strategic Refocus on Core Trades Streamlined network around trades where ZIM has defensible share and competitiveness Continued operating with high breakevens due to expensive charters Secured strategic operational partnership with the 2M alliance IPO, Breakout Performance & Capital Return Became a Top 10 global liner (~2% share) Delivered industry-leading profitability and returned $47.54/share in dividends (>3x IPO price)1 Strengthened balance sheet and built capacity via large dual-fuel LNG newbuild program Modern, Efficient, Scaled Platform Securing long-term, fuel-efficient vessels to lower structural breakevens Enhancing network resilience and strategic flexibility Undertaking a comprehensive strategic review to assess value-maximizing alternatives Post-Restructuring Stabilization Limited cash and liquidity constrained ability to buy or charter-in higher quality vessels Stabilized operations and rebuilt commercial reliability Begin to focus on new network Disciplined Multi-Year Transformation Has Built a Strong and Competitive ZIM… 2014–2017 2021-2025 2018-2020 2025 & Beyond Source: Company Filings Includes Q3-2025 dividends paid on 12/1/25 2
…With Dramatic Recent Improvements to Operational Scale and Risk Profile Through Fleet Optimization and Balance Sheet Strengthening Total Enterprise Value2 Book Equity2 LTM Revenue Dividends3 Fleet Size(Chartered / Owned) $2.6bn $5.0bn $4.0bn $0.1bn +92% +$3.9bn 2020 Today $7.6bn $3.5bn $0bn $5.6bn +119% 1291(113 vs. 16) 70(69 vs. 1) +84% TEU Carrying Capacity 709K 330K +115% +x Since its IPO, ZIM has returned $5.7bn ($47.54 per share) in dividends Source: Company Filings Note: 2020 figures as of 9/30/20; 2025 figures as of 9/30/25, excluding fleet size and TEU carrying capacity, which is presented as of 11/20/25 and TEV, which is presented as of 12/5/25 Including 14 chartered car carriers 2020 cash and book equity values adjusted for realized IPO net proceeds Includes Q3-2025 dividends paid on 12/1/25 3
Operational Transformation Has Enabled Industry-Leading Shareholder Returns Since IPO S&P 500 3 2 Executed a multi-year operational transformation under leadership of a strong Board and management Modern, fuel efficient and cost competitive fleet Versatile capacity with larger vessels well suited for target trades Highly agile network management model that can adjust service routes rapidly in response to dynamic market conditions Significant capacity expansion during upcycle generated strong earnings, cashflow and substantial shareholder distributions (62% dividend payout ratio) Full strategic and operational independence, complemented by partnerships with key players such as MSC Strong near-term and long-term TSRs relative to closest peers and S&P 500 Key Highlights 1-Year TSR TSRs Since 2021 ZIM IPO1 Source: FactSet Total shareholder returns represent capital gains yield (reflecting share price appreciation), plus dividend yield (assuming dividends are reinvested) since ZIM IPO date (1/28/21) to unaffected date (8/8/25), the last trading date before news of a potential management buyout leaked ZIM figure based on IPO price of $15 per share Maersk figure reflects Class B share performance 4
Cumulative EBIT Margin Since ZIM IPO1 (Ocean) Despite lacking the same economies of scale as its peers, strong commercial execution has driven leading EBIT margins TEU Carrying Capacity 709K 2,412K 4,602K Q3 2025 EBIT Margin ZIM’s Operational Strategy Has Achieved Strong Margins Source: Company Filings, Alphaliner Represents total EBIT, divided by total cumulative revenue from FYE 2021 through 9 month ended 9/30/25 5
Robust Independent Network Complemented by MSC Partnership Focused Trade Strategy Drives Sustainable Competitive Advantage and Future Margin Strength Optimize utilization by concentrating on trades where ZIM has meaningful share Diversify footprint: Broaden customer base; reduce dependency on any single trade Leverage emerging trade opportunities Use MSC partnership to reinforce Asia – US East Coast routes, with greater utilization of larger, LNG-powered tonnage Grow position in target markets: Expand presence in Southeast Asia and LatAm Capitalize on transformed fleet to capture new opportunities Executing a Focused Network Strategy Trade Exposure by Carried Volume (TEUs)1 5Major Routes ~33,000Customers Network(Routes & Geographic Reach) Footprint 56Weekly Lines ~330Ports of Call Decade-Long Partnership with MSC 6Transpacific Services MSC Partnership reinstated following the 2M Alliance dissolution Includes 11% market share and #5 market position 1 on Asia – USEC & Gulf routes, which is further enhanced by MSC partnership Source: Company Filings, Piers Represents LTM 2025 volumes 6
Robust Independent Network Complemented by MSC Partnership Focused Trade Strategy Drives Sustainable Competitive Advantage and Future Margin Strength Optimize utilization by concentrating on trades where ZIM has meaningful share Diversify footprint: Broaden customer base; reduce dependency on any single trade Leverage emerging trade opportunities Use MSC partnership to reinforce Asia – US East Coast routes, with greater utilization of larger, LNG-powered tonnage Grow position in target markets: Expand presence in Southeast Asia and LatAm Capitalize on transformed fleet to capture new opportunities Executing a Focused Network Strategy Trade Exposure by Carried Volume (TEUs)1 5Major Routes ~33,000Customers Network(Routes & Geographic Reach) Footprint 56Weekly Lines ~330Ports of Call Decade-Long Partnership with MSC 6Transpacific Services MSC Partnership reinstated following the 2M Alliance dissolution Includes 11% market share and #5 market position 1 on Asia – USEC & Gulf routes, which is further enhanced by MSC partnership Source: Company Filings, Piers Represents LTM 2025 volumes 6
Disciplined Capital Allocation to Drive Growth, Resilience, and Shareholder Returns Innovation Expand digital tools and invest in network optimization and growth engines Equipment Renew container and reefer fleet to support service reliability Capacity Maintain competitive fleet; secure LNG and fuel-efficient capacity Returning capital to shareholders remains high priority Dividend Policy Up to 50% of annualnet income (in quarterly installments)1 All future dividend distributions are subject to Board approval and restrictions provided by Israeli law 7
ZIM Has Delivered Exceptional Capital Returns — $5.7bn Since IPO (>3x IPO Price) Disciplined dividend policy targeting up to 50% of annual net income Returned $5.7bn in cumulative dividends ($47.54/share) since IPO1 Consistent history of outsized dividends during periods of strong performance (e.g., $17/share supplemental Q4 dividend in 2021; $0.84 special dividend in 2024) Cumulative Dividend Yield Since ZIM IPO2 Cumulative Dividend Payout Ratio Since ZIM IPO3 Source: Company Filings, FactSet Includes Q3-2025 dividends paid on 12/1/25 Dividend yield calculated as the sum of announced dividends per share since ZIM IPO (1/28/21), divided by initial share price (as of ZIM IPO) Dividend payout ratio calculated as the sum of dividends paid since ZIM IPO (1/28/21), divided by cumulative net income from FYE 2021 through 9 month ended 11/26/25 8
ZIM’s Fleet Quality Has Transformed Since IPO, With the Addition of Newbuild Vessels and Core Assets Now Owned or on LT Charter… Dramatic Improvements to Fleet Size and Quality Recent Increases to Ownership and Charter Duration ZIM has added larger, more efficient tonnage, with 28 LNG-fueled vessels currently in its fleet and 10 in its orderbook ZIM is reducing charter spot market exposure by increasing its fleet ownership and by extending its average charter duration (5-12 years for core fleet) 1 Average vessel size +40%; Total Fleet TEU +90% Number of Containerships 85 130 128 139 110 115 1 Transformed Fleet of LNG-Fueled Vessels: ~40% ~60% LNG-powered Newbuild Source: Company Filings As of 11/20/25 ~115K TEU Additional LNG-fueled tonnage in orderbook 9
Leverage …However, Compared to Peers, ZIM Sources More Capacity From the Charter Market, Which Results in Higher Leverage Average Top 9 Operators 1 …Increases Leverage and Need for Reserved Cash Greater Reliance on Charter Market than Peers… Net Debt / 2026E EBITDA2: (Values in $ Millions, as of 9/30/25) % of Fleet Chartered (based on TEUs) Net Debt Composition Source: Company Filings, FactSet, Clarksons, Alphaliner Includes Hapag-Lloyd and Maersk EBITDA consensus as per FactSet 10
Like Its Peers, ZIM Maintains a Strong Balance Sheet to Navigate Cyclicality Cash / Total Enterprise Value1 Cash / LTM Revenue ZIM’s liquidity metrics remain broadly comparable to peers ZIM’s greater reliance on the charter market has increased its breakeven freight rate relative to peers’ and requires relatively higher liquidity to manage volatility across freight cycles Asset-owning peers benefit from scale and unencumbered assets, reducing the level of cash required to navigate downturns Key Highlights Source: Company Filings, FactSet Total Enterprise Value as of 12/5/25 11
Update on the Board’s Independent Review of Strategic Alternatives Since IPO, the Board has regularly reviewed the Company’s strategic alternatives in light of evolving market conditions and sector dynamics, with a consistent focus on maximizing shareholder value Several months ago, the Company received a preliminary, non-binding proposal to acquire all the outstanding ordinary shares of the Company from Eli Glickman, the Company’s CEO and President, and Rami Ungar Following management’s proposal, the Board promptly commenced a strategic review to assess whether other value-maximizing alternatives may be available, including a sale / merger that could realize the full value of our business and capital allocation and return opportunities In connection with this review, the Board has received indications of interest from multiple parties, including strategic interest, which it is reviewing carefully The review remains ongoing, and the Board continues to evaluate all potential alternatives to maximize shareholder value The Board is Committed to Acting in Shareholders’ Best Interests to Maximize Value 12
Independent Board Providing Capable Oversight of ZIM’s Strategy And Its Strategic Review ZIM Board is Well-Qualified to Oversee Strategic Review Review is overseen by the independent directors of the Board without management participation Hired independent financial and legal advisors to help assess alternatives Independent Board meets weekly to oversee the process Transaction Committee formed to manage day-to-day aspects of the review Appointed two new independent directors who bring substantial financial and transactional expertise to bolster the review Considering all potential alternatives to maximize value for shareholders Independent Board Process Ensuring All Value-Maximizing Alternatives Considered 5/8 Public Company M&A Experience 6/8 Financial Expertise 5/8 Directors Added Since 2021 IPO 6/8 Logistics / Asset Heavy Industry Expertise Source: Company Filings, FactSet 7/8 Are Independent With No Mgmt. Representation on the Board 13
Veteran senior regulator with decades of leadership shaping Israel’s financial sector Yair Avidan Former Supervisor of Banks, Bank of Israel Significant M&A and financial advisory experience from advising on some of the most significant transactions in Israel Nir Epstein Former Executive Director & CEO, Prothya BioSolutions Brings deep executive experience in maritime shipping, charter markets and logistics Birger Meyer-Gloeckner Managing Director & CEO, Conti Holding Experience in leading commercial, trading and operational functions across logistics and energy sectors Anita Odedra Executive VP (LNG Marketing), Tellurian Former senior KPMG partner with extensive experience advising global public companies and major investors William ("Bill") Shaul Former Partner (Tax), KPMG Senior executive driving negotiated, transformational M&A for a leading global tech company Liat Tennenholtz Executive VP (M&A), Matrix IT Over three decades of distinguished leadership in regulatory, corporate, and governmental strategy Dr. Yoram Turbowicz Former Chief of Staff, Office of The Israeli Prime Minister Significant Logistics and Shipping Expertise Global Markets Expertise Regulatory & Risk Management Expertise Significant M&A Experience Maritime Shipping Expertise Significant Public Company Governance Experience Significant M&A Experience Accounting, Financial & Risk Management Expertise Financial Expertise Capital Structuring and Allocation Expertise Complex Logistics and Global Business Experience Asset Heavy Business Operation and Integrations Significant M&A Experience Proven leader with immense board room experience in Israel and international markets Yair Seroussi (C) Former Chairman, Bank Hapoalim Significant M&A Experience Global Markets Expertise Financial Expertise Logistics and Asset Heavy Business Expertise A Highly Independent, Refreshed Board With Deep Industry, Financial, and M&A Expertise Director since October 2020 Director since November 2025 Director since July 2018 Director since July 2014 Director since October 2023 Director since May 2021 Director since May 2021 Director since November 2025 Note: Purple shading indicates recently appointed director 14
Best-in-Class Governance Framework Ensures Robust Oversight Our governance framework ensures independent oversight during the ongoing review of strategic alternatives Independent Board and Chair, with independent committees, no management representation, and full separation of Chair and CEO roles P P Annually elected directors with ongoing refreshment – five new independent directors since IPO P Independent directors hold executive sessions without management after every Board meeting P Regular evaluation of Board and management performance P Shareholders have the right to call special meetings P Equal voting rights for all shareholders (“one share, one vote”) P Strong oversight through rigorous audit practices and robust financial reporting standards P Performance-aligned compensation program designed to drive shareholder value 15
The Dissident Group’s Nominees are Not the Right Fit For Our Board Dr. Keren Bar-Hava No apparent global industrial, shipping, logistics, or maritime operations experience Academic background – no public C-suite or executive leadership experience Academic background with no industry or operational experience Ron Hadassi No apparent global industrial, shipping, logistics, or maritime operations experience Currently sits on seven other public company boards Real estate background not relevant to shipping company with overboarding concerns Ran Gritzerstein No apparent global industrial, shipping, logistics, or maritime industry experience No public company transaction experience Entertainment focused background with no industry or public transactional experience Source: Based on biographies submitted by the Dissident Group’s nominees; public filings and press 16
Nominees Are Representing a Dissident Group That Has Not Made a Case for Change O Dissident Group did not meaningfully engage with ZIM on the issues they now raise and chose to submit their nominations without prior discussion or warning O Dissident Group’s campaign is based on a fundamental misunderstanding of ZIM’s operating model and the status of the strategic review O Dissident Group’s nominees lack any relevant experience for overseeing a global shipping and logistics business during a strategic review O Dissident Group claims to control over 5% of ZIM’s outstanding shares but has not filed a required Schedule 13-D, a breach of US Securities laws – shareholder deserve to know who the Dissident Group asking for their vote is O Dissident Group rejected the Board’s proactive attempt to negotiate a constructive settlement to prevent disruption and maintain focus on the Company’s business and independent strategic review 17
Supporting the Company’s Slate Is Essential to Protect Value and Maintain Strategic Momentum Strong Board with Deep Industry, Financial, and Transactional Expertise Prudent Capital Allocation and Significant Capital Return The Dissident Group’s Nominees are Not the Right Fit for Our Board Industry Outperformance with Track Record of Value Creation Operating Strategy That Continues to Deliver Value for Shareholders ✓ ✓ ✓ ✓ X + 18
Support ZIM – Protect Your Investment If shareholders have questions or need assistance in voting their shares for the Meeting, please contact the Company’s proxy solicitor 430 Park Avenue, 14th FloorNew York, New York 10022Toll Free: (800) 662-5200Brokers and Banks: (203) 658-9400Email: ZIM@info.sodali.com Vote For Directors: Yair Seroussi Nir Epstein Birger Johannes Meyer-Gloeckner William (Bill) Shaul Yoram Turbowicz Yair Avidan Liat Tennenholtz Anita Odedra The Board of Directors recommends a vote AGAINST the election of the Alternate Director-Nominees, namely Dr. Keren Bar-Hava, Messrs. Ron Hadassi and Ran Gritzerstein. 19
FAQ (1/4) Q: What is ZIM’s value creation strategy? ZIM focuses on trade lanes where it can hold meaningful, defensible share and deliver superior service, supported by an agile fleet strategy that combines operational flexibility with increased long-term charter coverage This approach gives ZIM flexibility to manage cycles, redeploy capacity, and maintain strong customer relationships ZIM has transformed its operations, doubling capacity, modernizing its fleet, maintaining EBIT margins above 30% and generating strong cash flows ZIM uses its strong cash generation to maintain appropriate liquidity while returning substantial capital to shareholders Q: How has ZIM delivered shareholder value? Since its IPO, ZIM has delivered industry-leading total shareholder returns of more than 300% – more than double its closest peers The Company’s strong TSR performance is driven by its commitment to strong capital returns – ZIM has returned $5.7bn to shareholders via dividends since its IPO – more than 3x the IPO price ZIM’s book equity has also increased from ~$0.1bn in 2020 to over $4.0bn today Q: What is ZIM’s approach to capital allocation? ZIM has a disciplined approach to capital allocation, balancing appropriate liquidity aligned with its operations with returning substantial amounts of capital to shareholders Its charter-intensive model requires a strong liquidity position to manage fixed commitments, while funding fleet renewal and operational investments, and market volatility At the same time, its formula-based dividend policy (up to 50% of annual net income) has resulted in $5.7bn being returned to shareholders 20
Q: Why is ZIM’s Board conducting a strategic review? Since IPO, the Board has regularly reviewed the Company’s strategic alternatives in light of evolving market conditions and sector dynamics, with a consistent focus on maximizing shareholder value Several months ago, the Company received a preliminary, non-binding proposal to acquire all the outstanding ordinary shares of the Company from Eli Glickman, the Company’s CEO and President, and Rami Ungar Following management’s proposal, the Board promptly commenced a strategic review to assess whether other value-maximizing alternatives may be available, including a sale / merger and capital allocation and return opportunities In connection with this review, the Board has received indications of interest from multiple parties, including strategic interest, which it is evaluating carefully Q: How is the Board conducting the strategic review? The review is being led entirely by the independent Board, without management involvement The Board has engaged independent financial and legal advisors to assist in the review The Board is highly engaged in the review and meets weekly to oversee progress and has formed an independent Transaction Committee to manage day-to-day workstreams The review includes outreach to both strategic and financial parties, as well as the evaluation of standalone opportunities Q: At what stage is the strategic review? The review is ongoing and no outcome has been predetermined To date, the Board has received indications of interest from multiple parties, including strategic interest, and is evaluating all alternatives rigorously and objectively FAQ (2/4) 21
FAQ (3/4) Q: Will shareholders have the opportunity to approve any sale of the Company, if a deal is reached? Yes. Any sale of the Company would require shareholder approval In all cases, the State of Israel’s golden share also requires governmental consent for any change of control Q: Why is the ZIM Board best qualified to oversee ZIM’s strategy and conduct this review? The Board is majority independent with deep experience in shipping, finance, M&A, regulation, and complex operations Five of eight directors have been added since the IPO, bringing fresh, relevant expertise Two recently appointed directors add further strength in financial, M&A, regulatory and operational oversight Q: Why do the Dissident Group’s aims present a risk to shareholder value? The dissident campaign was initiated following a rumored management bid for the Company at a low price As later disclosed, the Board is leading a thorough, objective review of potential alternatives, and received indications of interest from multiple parties, including strategic interest Given these facts, the dissident’s concerns are unwarranted and their campaign risks disrupting the Board’s process, which could impede a value-maximizing transaction The dissidents are also advocating for a large special dividend that could leave ZIM undercapitalized for its strategy and create significant risk to the Company’s strategy and operations Q: Has the Board engaged with the Dissident Group? The Dissident Group submitted nominations without meaningful prior engagement with the Company or outlining a compelling case for why Board change is needed Despite the Dissident Group’s lack of meaningful engagement, the Board reached out in the interest of finding a negotiated settlement to allow the Board and Company to focus on important issues with respect to overseeing the business and conducting a comprehensive strategic review The Dissident Group rejected the Board’s reasonable offer for a settlement, instead deciding to pursue its self-serving proxy contest, which is based largely on a misconception of the nature of the Board’s strategic review 22
FAQ (4/4) Q: Why are the dissident nominees unqualified to serve on ZIM’s Board? The dissident nominees’ qualifications do not align with the skills needed to oversee ZIM’s business and strategy None of them have apparent experience in shipping, logistics, maritime operations, or large industrial platforms and they lack meaningful public company transactional experience ZIM’s Board is composed of independent, qualified professionals who understand our business and sector and have deep industry, finance and M&A experience making them well-suited to oversee a rigorous, objective strategic review Q: What is the potential harm to appointing the dissident nominees? Adding unqualified directors at this stage risks disrupting a rigorous, late-stage strategic review and may impede a value-maximizing transaction The dissident nominees lack knowledge of ZIM, its strategy and its sector and have agreed to serve as nominees for a Dissident Group whose campaign appears to be based on misunderstanding of the Board’s process and calls for a potentially value-destructive capital allocation strategy Q: How can shareholders support ZIM’s Board and value creation strategy? Vote FOR ZIM’s nominees and AGAINST the dissident nominees at the AGM Support the independent Board’s ongoing, comprehensive evaluation of all value-maximizing alternatives 23