Israel

Israel’s Finance Ministry Urges Rejection of Current $4.2 Billion ZIM Sale

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Courtroom-sketch editorial illustration of container cranes and cargo ships at the Port of Haifa, based on an archival 2013 photograph as maritime context rather than the proposed 2026 ZIM sale, rendered in warm ochre and slate-blue pastel strokes.

Israel’s Finance Ministry recommended that the Government Companies Authority reject the current structure of a proposed $4.2 billion sale of ZIM in a position submitted on September 28. Under the proposal, Hapag-Lloyd would take over ZIM’s global operations while FIMI would hold an Israeli arm. Finance Ministry director general Israel Malachi warned that the Israeli arm would depend on Hapag-Lloyd for containers, capacity and operating services, putting maritime supply at risk during a crisis. The ministry said a substantially revised structure could be examined. The Government Companies Authority has not made a final decision on the sale.

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