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Containers Israel International

Questions raised over convertible share offer

  • News

THE proposed bailout of Israeli container line Zim features a vehicle seen twice before in the global shipping downturn — an offer of convertible shares to shipowners in exchange for a reduction in charter rates. But the success of the Zim proposal hinges on an unanswered question: what value is being offered to the shipowners?

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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