Monday, March 22, 2021
zim containership
Shipping

‘Revitalized’ ZIM Posts Biggest Yearly Profit

By Mike Wackett (The Loadstar) – Israeli ocean carrier Zim has posted its first annual profit for three years – and the biggest in its 75-year history – recording a net income of...

March 22, 2021
Total Views: 1357

Friday, February 12, 2021
zim containership
Shipping

ZIM to Charter LNG Containerships for Asia-U.S. East Coast Trade

Israeli shipping company ZIM has announced a strategic chartering agreement with Seaspan for the long-term charter of ten 15,000 TEU-capacity containership fueled by liquefied natural gas. ZIM says the newbuild...

February 12, 2021
Total Views: 1850

Monday, January 4, 2021
Shipping

ZIM Plans IPO on New York Stock Exchange

Israeli shipping company ZIM Integrated Shipping Services has notified the U.S. Securities and Exchange Commission of its intention for an initial public offering of its ordinary shares on the New...

January 4, 2021
Total Views: 1773

Thursday, October 22, 2020
zim containership
Maritime News

Zim Opens Direct Shipping Line to UAE

JERUSALEM, Oct 21 (Reuters) – Israeli shipping firm Zim said on Wednesday it would start to offer direct service to Jebel Ali port in the United Arab Emirates (UAE). With...

October 22, 2020
Total Views: 30

Monday, October 19, 2020
Maritime News

ZIM and Alibaba Ink Strategic Partnership

Israeli shipping line ZIM has patnered with Chinese e-commerce giant Alibaba to offer the direct purchase of sea freight on the Alibaba.com platform. The strategic agreement will improve logistic services...

October 19, 2020
Total Views: 23

Wednesday, April 17, 2019
zim containership
Maritime News

ZIM Joins Maersk’s Blockchain Shipping Platform TradeLens

Israeli shipping company ZIM Integrated Shipping Services has signed on as a member of Maersk and IBM’s blockchain-enabled TradeLens platform. Launched in 2018, TradeLens uses blockchain technology to drive transparency...

April 17, 2019
Total Views: 16

Thursday, July 19, 2018
zim containership
Maritime News

Maersk Line, MSC and ZIM Enter Strategic Cooperation on the Asia – U.S. East Coast Trade

Israeli container shipping company ZIM has reached a deal with 2M alliance members Maersk Line and Mediterranean Shipping Company on a new strategic cooperation on the Asia – US East...

July 19, 2018
Total Views: 7

Wednesday, October 5, 2016
Maritime News

Israeli Shipping Firm Zim to Defer $115 Million in Payments

JERUSALEM, Oct 5 (Reuters) – Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it had agreed to defer $115 million...

October 5, 2016
Total Views: 21

Monday, October 3, 2016
Maritime News

ZIM Shipping Says ‘We Can Hope’ as Losses Mount

By Mike Wackett (The Loadstar) – Zim Integrated Shipping Services recorded a $74m net loss in the second quarter of the year. This compares with a $23m profit in the...

October 3, 2016
Total Views: 1

Thursday, October 8, 2015
News

Israeli Shipping Company Zim May Be Planning U.S. IPO

  By Yaacov Benmeleh (Bloomberg) — Zim Integrated Shipping Services Ltd., a marine transportation company, hired Bank of America Corp.’s Merrill Lynch unit and Barclays Plc to lead an initial...

October 8, 2015
Total Views: 14

Monday, September 29, 2014
Maritime News

Israeli Containership Heads for L.A. After Oakland Protest

LOS ANGELES, Sept 29 (Reuters) – An Israeli-owned container ship that was blocked from unloading its cargo at the Port of Oakland by pro-Palestinian protesters over the weekend was headed...

September 29, 2014
Total Views: 1

Thursday, July 17, 2014
zim shipping logo
finance

Zim Completes $3.4 Billion Restructuring

Israel's biggest shipping firm Zim said it completed a more than $3 billion debt restructuring that will allow the company to capitalise on the recovery in global trade.

July 17, 2014
Total Views: 24

Tuesday, July 1, 2014
zim rio grande containership
Maritime News

Zim CEO Wants to Step Down

The chief executive of Zim, Israel's biggest shipping company, has indicated he wants to step down once its $3 billion restructuring plan has been implemented, a source at parent company Israel Corp said on Tuesday.

July 1, 2014
Total Views: 0

Monday, May 19, 2014
zim shipping logo
finance

Israel Corp Shareholders To Vote On Zim Shipping’s $3 Billion Restructuring

JERUSALEM, May 19 (Reuters) – Israel Corp shareholders are set to vote on a $3 billion restructuring plan by the conglomerate’s shipping offshoot Zim, first set out in January and...

May 19, 2014
Total Views: 2

Wednesday, February 12, 2014
Maritime News

Danaos Takes $19 Million Hit After Zim Restructure, but Sails Into the Black in 2013

By Mike Wackett, Greek containership owner Danaos Corporation has revealed more details of its agreement with restructured ocean carrier Zim, which saw the NYSE-listed shipowner write off $19m in its...

February 12, 2014
Total Views: 61

Friday, February 7, 2014
zim shipping logo
finance

Entire ZIM Order Canceled as Samsung Heavy Loses Half-Billion in Contracts

Samsung Heavy Industries terminated a contract to build three "very large containerships" according to a regulatory filing today.

February 7, 2014
Total Views: 1

Thursday, January 23, 2014
zim shipping logo
Maritime News

Zim Shipping Reaches Debt Restructuring Accord

Israeli shipping company Zim has reached an agreement in principle with most of its creditors covering $1.82 billion in debt, in a deal that will see parent company Israel Corp's stake in Zim fall to 32 percent.

January 23, 2014
Total Views: 12

Thursday, January 16, 2014
Maritime News

Israel Corp To Lose Control Of Zim Shipping In Debt Deal

The Israel Corp holding company is set to lose control of shipping company Zim under the terms of a bailout agreement being negotiated with Zim's creditors, Israeli media reported on Thursday.

January 16, 2014
Total Views: 3

Sunday, December 15, 2013
zim rio grande containership
finance

Zim Shipping Downgraded by S&P to CCC

JERUSALEM, Dec 15 (Reuters) – Standard & Poor’s Maalot lowered its rating for Israeli shipping firm Zim to “CC” from “CCC”, citing a going concern warning in third-quarter results and...

December 15, 2013
Total Views: 0

Thursday, August 29, 2013
zim rio grande containership
Maritime News

Creditors Give Zim Shipping Relief As Industry Stays Depressed

By Steven Scheer JERUSALEM, Aug 29 (Reuters) – Debt-laden Israeli shipping company Zim said it has received support from its creditors as it continues to lose money during one of...

August 29, 2013
Total Views: 0