Hapag-Lloyd Acquires ZIM to Become Fourth Largest Ocean Carrier

Hapag-Lloyd has reached a preliminary agreement to acquire ZIM, Israel’s national shipping company, for over $4 billion. This merger will create the fourth-largest container freight company, surpassing COSCO. Hapag-Lloyd plans to manage ZIM’s international operations while FIMI retains critical shipping capacity within Israel, ensuring strategic control remains intact.

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