ISRAEL’S FINANCE MINISTRY HAS OBJECTED TO THE PROPOSED $4.2 BILLION SALE OF ZIM TO HAPAG-LLOYD, CITING SECURITY CONCERNS OVER SAUDI ARABIA’S AND QATAR’S STAKES IN THE GERMAN SHIPPING COMPANY.
HAPAG-LLOYD AND FIMI HAVE PROPOSED A DIRECT FAR EAST ROUTE, AT LEAST 16 VESSELS FOR ZIM ISRAEL AND STRONGER OWNERSHIP SAFEGUARDS TO ADDRESS THE CONCERNS, BUT ANY REVISED DEAL WOULD REQUIRE A NEW APPROVAL APPLICATION.