Indebted Zim cancels orders for four container ships

Massively indebted Israeli container carrier Zim has canceled orders for a total of four new container ships from Hyundai and Samsung.

BY TOMAS KRISTIANSEN

One of the world's 20 largest container carriers, Israeli Zim, which is currently struggling to survive, has been forced to cancel orders for a total of four new container carriers, according to several news outlets, including Israeli media Globes. The orders had been placed at Samsung and Hyundai.

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Indebted Zim cancels orders for four container ships

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Zim restructuring outplays Idan Ofer influence

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

Seven Seas: Customers' green ambitions and actions don't align

Royal Arctic Line's chief executive steps down

Jobs