Day: May 23, 2014

Israeli state to lose control of Zim in $3bn restructuring deal

May 23, 2014

The Israeli state is set to loose control of container carrier ZIM who says it has finalised a $3 billion financial restructuring plan with creditors that includes a $1.4 billion debt-to-shares swap. The deal, which is still...

APM Terminals reports strong first quarter

May 23, 2014

APM Terminals, the terminal operating arm of AP Moller Maersk, has reported a strong first quarter performance with container growth exceeding the market average. Container volumes at the Hague-based company’s global portfolio...