ZIM

Israeli ministries move to block $4.2 billion sale of ZIM over security concerns

The opposition centers on a deal approved by ZIM shareholders at the end of April under which the company would be acquired for $4.2 billion, roughly $1 billion above its current market valuation.

|ByTHE MEDIA LINE STAFF
Zim containers are stacked just outside Israel's port of Ashdod February 23, 2012
Cars drive behind a truck transporting a Zim container just outside Israel's port of Ashdod February 23, 2012

Israeli shipping giant ZIM to be sold for $4.2 billion to German, Israeli capitals - Calcalist

The move, which was approved by the ZIM board of directors, came after both the ZIM’s workers’ committee and senior Israeli politicians expressed opposition to the acquisition.

|ByTOBIAS HOLCMAN
Zim containers are stacked just outside Israel's port of Ashdod February 23, 2012

German bid for Zim with Saudi, Qatari backing raises Israel security concerns

Zim has said it will release no further information until a decision is made. 

|ByTHE MEDIA LINE STAFF
A Zim ship.

Zim shipping brings in $373m net profit in second quarter of 2024.

"We expect stronger performance in the second half of 2024 compared to the first half due to ongoing supply constraints from the unresolved Red Sea crisis," CEO Eli Glickman said.

|ByMOSHE COHEN

ZIM to dedicate ships for Israel's 'national needs'

ZIM Integrated Shipping Services announced it has offered Israel all of its vessels, ships and infrastructure, with a commitment to serving the needs of Israel.

OCTOBER 10, 2023ByJERUSALEM POST STAFF
ZIM to dedicate ships for Israel's 'national needs'

Zim records strong Q3 results, to distribute dividend

“Given our significant cash generation, and consistent with our prioritization of returning capital to shareholders, we have declared this year over $1.26 billion, or $10.55 per share, in dividends"

NOVEMBER 16, 2022ByJERUSALEM POST STAFF
A fisherman travels on a boat with his family in front of the Zim Europa container ship, in the Suez canal near Ismailia port city.

ZIM shipping nets profit of $1.34b. in second quarter

The company’s CEO said that it had reported its "best ever" first-half results.

AUGUST 17, 2022ByJERUSALEM POST STAFF
Cars drive behind a truck transporting a Zim container just outside Israel's port of Ashdod February 23, 2012