0932 GMT - Hapag-Lloyd's deal to acquire Zim offers the German shipping company access to a large block of incremental capacity and could benefits the Gemini network pact it has with Maersk, UBS analyst Cristian Nedelcu writes. Increasing the number of services in the Gemini network would provide greater flexibility to adjust capacity during a downturn, he says. "Nevertheless, at the first sight we see the incremental financial leverage that a potential acquisition will bring as a negative in the context [of] current overcapacity in shipping and large order book." UBS says the combined Hapag-Lloyd-Zim market share would be around 9.2%, with Hapag-Lloyd currently at 7% and Zim at around 2%. Hapag-Lloyd shares rise 3.4%, while Zim shares rise 38% in premarket trading. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
February 17, 2026 04:32 ET (09:32 GMT)
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