ContainersMiddle East

Zim puts global network up for sale

The Wall Street Journal is reporting Israel’s largest shipping line Zim Integrated Shipping Services is looking at selling its global container network and switch to become a regional Mediterranean player.

Zim spokespeople have denied the sales rumours.

Zim is the world’s 16th largest containerline according to Alphaliner with 326,615 slots.

With consolidation sweeping the liner sector, analysts have long suspected Zim, which does not belong to any global alliance, would likely come on the chopping block sooner or later.

“Citi are taking the prospectus to the big boys,” a source told Splash today, confirming the news.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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