ZIM Djibouti, TEU 10,062 containership, was built by Hyundai SAMHO Shipyards in South Korea, Idan Oder: a major step forward for the company's fleet

Idan Ofer, Chairman of ZIM, said: “The world economy is changing, in particular the shipping market, and when the economic crisis is over we must be ready with the appropriate fleet to meet the world demand."

In total 60,478 new vehicles were delivered in January-May 2009, 37% fewer than in the corresponding period of 2008

Since January 2009 the is a 44% drop of new cars deliveries. The main reason: the ongoing slump in the leasing industry

The Israel Motor Vehicles Importers Association announced last week that on the basis of licensing figures only 23,646 new vehicles were delivered in January-February 2009, 40% fewer than in the corresponding months of 2008

Zim Ports Ltd decided to drop out of the US$300 million tender to build and operate the Ennore container terminal project in the port of Chennai, India

only 10,148 new cars were sold last month, compared to 16,439 in November 2007

The newly injected capital will enable Zim to move forward with its strategic program and to expand its containership fleet