Zim Sailing Stormy Seas to Another Bailout

The Israel Corp. unit has $531 million in obligations coming due, and doesn't have enough cash to service them.

Zim Integrated Shipping Services will probably find itself back on life support soon, since it doesn't have the wherewithal to meet its obligations in the year to come. Apparently it will need either another sizable cash infusion from its parent company, The Israel Corporation, or enter another debt restructuring arrangement.