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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