Zim Israel Shipping Lines Failure Gives Creditors Possession

Zim Israel Shipping Lines Failure Gives Creditors Possession

News Analysis: Much Vaunted Zim Israel Shipping Lines has been costing investors Hundreds of Millions of Dollars a Year. It now owes others $3 Billion Dollars. After  putting additional funds into this Company, creditors will finally take control. The much anticipated turn around in Shipping Rates did not materialize as predicted by ‘Shipping Experts’. Now, it will be up to the new owners to figure a methodology to try and recapture some of their investments in this entity. 

International Shipping is a tough business in which to thrive as well as just survive. It takes more than just Capital for Success; Foresight and Tenacity are also needed. Arrogance is as useful as ‘Bilge Water’.

Reality.

Reference: http://www.globes.co.il/serveen/globes/docview.asp?did=1000909663&fid=1725