Topic
zim
Logistics Netanyahu and Katz Urge ZIM Sale to Hapag-Lloyd and FIMI Be Scrapped Over Security Concerns
Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz have publicly urged that the $4.2 billion sale of ZIM Integrated Shipping Services to Hapag-Lloyd and FIMI be scrapped, arguing the proposed structure fails to protect Israel’s security interests. The deal, signed earlier this year, would see Hapag-Lloyd acquire ZIM’s international operations while FIMI takes the Israeli-linked assets, but opposition has grown over ZIM’s strategic role during the recent war. If the sale falls through, Linerlytica projects that Ocean Network Express (ONE) would surpass Hapag-Lloyd in size by early 2028.
Logistics Outgoing ZIM CEO Glickman Passes Baton to Lichtenstein as Hapag-Lloyd Era Begins
Eki Glickman officially steps down as president and CEO of Zim Integrated Shipping Services on July 1, with Chen Lichtenstein taking over. Glickman resigned in April after a failed acquisition attempt, and Zim was acquired by Hapag-Lloyd in February for $4.2 billion. Glickman expressed confidence in Lichtenstein's leadership.
Logistics ZIM Appoints New CEO Amid Hapag-Lloyd Deal Uncertainty
ZIM has appointed Chen Lichtenstein as CEO as it navigates a pending acquisition by Hapag-Lloyd. The $4.2bn deal still requires regulatory approval.