For someone who’s just unveiled a whopping $530 million net loss for 2013, Zim’s chief executive Rafi Danieli appears to be in an outlandishly bullish mood.
27 Mar 2014
LONDON — Zim Integrated Shipping Services’ net loss soared to $530 million in 2013 — more than half booked in the final three months — from $428 million a year earlier, but the Israeli ocean carrier said an imminent restructuring deal will “dramatically” improve its finances.
23 Jan 2014
Israeli ocean carrier Zim today announced it has reached a $3 billion debt restructuring deal with a majority of its creditors, paving the way for new partnerships with rival lines, an initial public offering and orders for mega container vessels.
17 Jan 2014
Israel Corp. is set to lose control over Zim Integrated Shipping Services after creditors agreed to restructure the financially troubled Israeli ocean carrier’s debt.
02 Dec 2013
Zim Integrated Shipping Services returned to the black in the third quarter of 2013, as it closed on a debt restructuring deal with its creditors.
12 Nov 2013
Israeli ocean carrier Zim has completed the $50.5 million sale of stakes in two Chinese container manufacturers.
22 Oct 2013
The U.S. Government Accountability Office has published a report, “DHS Could Improve Cargo Security by Periodically Assessing Risks From Foreign Ports,” recommending...
11 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November.
23 Sep 2013
Hapag-Lloyd will launch a Black Sea Feeder service connecting Egypt’s Port Said with ports on the Black Sea and in Israel and Turkey.
18 Sep 2013
IAG Cargo has plans to increase flights between London Heathrow Airport and Rajiv Gandhi International Airport in Hyderabad, in order to cater to the city’s booming pharmaceutical industry.
09 Aug 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October.