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Zim to Defer $115 Million in Debt Payments

Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it was planning to defer $115 million of upcoming payments to creditors until 2018. Zim said in its second quarter report that it had…
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Israel’s container shipping company ZIM Integrated Shipping Services (ZIM) has reached an agreement with its creditors to reschedule payments of USD 115 million, during a period of up to 12 months starting from September 30, 2016. W...

Israeli Shipping Firm Zim to Defer $115 Million in Payments

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JERUSALEM, Oct 5 (Reuters) – Israeli shipping company Zim, which has been hit hard by the weak global shipping market, said on Wednesday it had agreed to defer $115 million of upcoming payments to creditors until 2018. Zim said in i...

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