#report

Report: Israel's Economy and Agricultural Ministers Oppose Zim Acquisition

Israeli government ministries are mounting opposition to Hapag-Lloyd's acquisition of Zim. The Ministry of Economy warns the deal poses a direct risk to maritime traffic and Israel's economic interests, while the Ministry of Agriculture expresses concerns about food security, noting that Zim controls roughly one-third of maritime food shipping activity and 85 percent of Israel's calorie consumption is imported.