Shipping 24 February 2026 - 3 March 2026

ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook
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ZIM Integrated Shipping Services Q4 Profit Falls 93% as Hapag-Lloyd Deal Freezes 2026 Outlook

ZIM Integrated Shipping reported fourth-quarter net income of $38 million, down sharply from $563 million a year earlier, with revenue falling 32% to $1.48 billion. The company declared a $0.88 dividend but withheld 2026 guidance due to its pending $4.2 billion sale to Hapag-Lloyd. Average freight rates dropped 29% and carried volume slid 9%. Shares rose 1.8% to $28.32 in New York trading.
March 9, 2026
Strait of Hormuz shock: Oil and shipping costs surge as Iran warns ships could be set ablaze
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Strait of Hormuz shock: Oil and shipping costs surge as Iran warns ships could be set ablaze

Oil and gas prices surged as the Strait of Hormuz stayed closed for a fourth day following Iranian attacks, stranding tankers and driving freight rates to records. Marine insurers canceled war-risk cover, and Qatar halted LNG output after drone strikes, tightening global supplies. India and China sought alternatives as container lines suspended Middle East bookings. Brent crude jumped 7.8% to $83.79 a barrel.
March 3, 2026
Tidewater stock jumps before U.S. open after $500 million Brazil vessel deal
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Tidewater stock jumps before U.S. open after $500 million Brazil vessel deal

Tidewater shares rose 7.6% to $78.91 in extended trading after it agreed to buy Brazil’s Wilson Sons Ultratug Offshore and Atlantic Offshore Services for about $500 million, including debt. The deal adds 22 platform supply vessels and $441 million in contracted backlog. Tidewater expects $220 million in revenue from the acquired business in the first year. Investors await Brazil antitrust and lender approvals before a late-Q2 close.
February 24, 2026