Zim Integrated Shipping Service swung to a net profit of $23 million in the second quarter from a $50 million loss a year ago as a multi-billion dollar restructuring continued to improve the Israeli ocean’s carrier’s bottom line.
23 Jul 2015
The 2M shipping alliance between Maersk Line and Mediterranean Shipping Co. can expand its vessel-sharing agreement on U.S. trade lanes connecting to Israel, Russia and Saudi Arabia after a 45-day review expired Thursday without U.S. Federal Maritime Commission action.
13 Jul 2015
The heat is on for the cold supply chain industry as it prepares for the roll-out of new, more stringent federal regulations this fall. Now an Israeli company may have a solution to at least one of the challenges the industry will face when the Food and Drug Administration hands down its new regulations.
23 Jun 2015
Hapag Lloyd is adding the port call of Ashdod, Israel, to its service connecting the country with Turkey and said it will begin calling on Iskenderun, Turkey in late July through an unspecified service.
02 Jun 2015
China's Shanghai International Port Group late last week inked a deal with Israeli port authorities, obtaining the right to run the new Haifa port in northern Israel for 25 years.
29 May 2015
Dockworkers in Israel have ended a two-day strike protesting the creation of new foreign-run port terminals.
28 May 2015
Two of Israel’s largest seaports remained closed Thursday after dockworkers defied a court order, leaving their posts in opposition to new government contracts with private port operators.
26 Nov 2014
An Israel Corp. shareholder vote on the spinoff of Zim Integrated Shipping Services and several other businesses into a new company, Kenon Holdings Ltd., has been scheduled for a Dec. 31 vote.
28 Oct 2014
For the second time this month, dockworkers in Haifa walked off the job to protest port privatization being pushed by the national government, leaving the largest Israeli port at a standstill.
14 Oct 2014
Israel Corp. will shift its stake in Zim Integrated Shipping Services, along with several other companies, to a holdings company that will be listed on stock exchanges in New York and Tel Aviv, the company announced.
13 Oct 2014
Protesters were unsuccessful in delaying the arrival of the Zim Alabama at the Port of Tampa Bay over the weekend, though demonstrations against the Israeli-owned carrier are beginning to spread to more U.S. ports.