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Day: June 26, 2013

Israel Corp. ready to hand Zim stake to bondholders

The Israel Corporation is ready to hand over its interest in Zim Integrated Shipping Services to the company’s creditors and walk away. A debt restructuring plan to this effect for the financially beleaguered shipping company...

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Fate of Matson lies in limbo

No deal, no work. That’s the ultimatum from hundreds of works in charge of sailing Matson ships to the state. The clock is ticking for the company and crewmembers to reach a new contract. But with 10 days left, the union says...

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