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.
Photo: ZIM
Photo: ZIM

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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