Zim puts global network up for sale

The Wall Street Journal is reporting Israel’s largest shipping line Zim Integrated Shipping Services is looking at selling its global container network and switch to become a regional Mediterranean player.

Zim spokespeople have denied the sales rumours.

Zim is the world’s 16th largest containerline according to Alphaliner with 326,615 slots.

With consolidation sweeping the liner sector, analysts have long suspected Zim, which does not belong to any global alliance, would likely come on the chopping block sooner or later.

“Citi are taking the prospectus to the big boys,” a source told Splash today, confirming the news.