Hapag-Lloyd is developing a revised proposal for its planned combination with ZIM as discussions with Israeli authorities intensify. Hapag-Lloyd CEO Rolf Habben Jansen said the company remains convinced that the transaction makes strategic sense. However, adjustments could be made to address concerns raised during the approval process. Revised proposal addresses Israeli concerns Hapag-Lloyd said it has listened to concerns raised by the Israeli government and relevant authorities. Together with its partners, the carrier is now developing an improved proposal aimed at strengthening Israel’s maritime security and independence. The revised proposal would secure Israel’s access to key shipping routes, including connections with Asia. It would also strengthen protections under the Golden Share framework. According to Habben Jansen, the agreement would prevent foreign interference in the transportation of sensitive Israeli cargo. “We have listened carefully to the needs raised during our discussions with the Israeli government and the relevant authorities,” said Habben Jansen. Regulatory discussions intensify Hapag-Lloyd entered into a binding merger agreement with ZIM in February. The agreement has been approved by ZIM’s shareholders, while the companies continue working with regulatory authorities to secure the necessary approvals. Habben Jansen said discussions with authorities have become “significantly more intensive” and have now moved into a phase of direct dialogue. “We remain convinced that the concept is sound. If adjustments are needed to address concerns raised in the process, we will have to make them,” he said. Hapag-Lloyd expects up to US$500 million in synergies Hapag-Lloyd also reiterated the strategic rationale behind the transaction. Habben Jansen pointed to ZIM’s modern fleet, workforce and customer base as key benefits of the proposed combination. Hapag-Lloyd expects synergies of between US$3