Zim has completed the sale of its 8% stake in a joint venture that plans to build and operate 18 rail freight terminals in China. The sale price was about US$29 million

The service which will employ 13 TEU 6,000 capacity vessels will call at Ashdod port as the first port of call after crossing the Suez Canal

Global Ship Lease Inc. announced agreement to acquire two new TEU 4,250. Vessels to be operated by Zim Integrated Shipping Services

Zim's membership in the FEFC is subject to regulatory approval which is expected to pass in January

Evergreen announced it will began the service with a single vessel M/V Ital Ordine, in September this year. In November the service will run on a weekly basis

ZIM purchased the previous A.P. Moller (Maersk) 20% share from the terminal operators, DP World. Antwerp Gateway Terminal will offer a capacity of 3.5 million TEU’s by 2010

Carriers of the Europe/Mediterranean Trade Agreement reduced last week by $3 their war risk surcharge for vessels calling at Israeli ports to $24 from $27

EMTA conference ( European Mediterranean Trade Agreement ) announced last week a general freight rate increase of us$90/TEU effective from April 7th 2005. The freight rate increase will cover the eastbound leg only