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.
06 Aug 2013
Israel’s National Labor Court has ordered the federal government to temporarily halt tenders for the building of two new private ports until Sept. 1 and launch negotiations with unions regarding the process, Haaretz reports.
09 Jul 2013
Israeli ports are bracing for industrial action, including strikes, as labor unions weigh their response to planned reforms of the waterfront.