Israel is forecasting throughput growth of 40 percent at the Mediterranean container ports of Haifa and Ashdod over the coming five years.
05 Jan 2016
Zim Integrated Shipping Services has delayed an initial public offering on Wall Street planned for the first half of the year because of deteriorating market conditions and slowing world trade, according to an Israeli news website.
02 Dec 2015
Shanghai International Port Group is on the hunt for investment opportunities in Europe as it looks to China’s national development strategy to grow in what it says are some very challenging years ahead for global shipping.
02 Nov 2015
Zim Integrated Shipping Services and a European short-sea operator are reintroducing a seasonal refrigerated service aimed at agriculture shippers that connects the Mediterranean and the Middle East.
08 Oct 2015
Zim Integrated Shipping Services refused to comment on reports it is planning an initial public offering in the U.S. next year.
30 Sep 2015
Israel is hoping that a $2 billion port expansion drive, involving construction of two major container terminals at the ports of Haifa and Ashdod, will help it stave off a trade capacity crunch.
19 Aug 2015
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.