Zim Bolsters Its Finances by Canceling, Deferring New Ship Orders

Zim is now free to order less expensive and more fuel efficient ships instead. In fact, the company reported that it placed a preliminary order with another shipyard in January.

Zim Integrated Shipping Services, the international shipping subsidiary of The Israel Corporation, has managed to remove a major threat to its financial stability by coming to an agreement to cancel an order for five new ships and defer delivery of four others.