Schaefer noted that Zim has been servicing the Israeli economy for many years, during wars and peace, even after its privatization
Gad Schaefer, chairman, Israeli Shipper's Council issued a statement last week calling upon the Government to assist Zim Integrated Shipping Services Ltd.
Zim Integrated Shipping Services Ltd has been suffering, due to the severe economic crisis, from a massive drop in traffic and has had to rely on a rescue package from parent company Israel Corp. The company is anticipating losses of US$1bn.
In a written statement published in the Israeli press Schaefer noted that Zim has been servicing the Israeli economy for many years, during wars and peace, even after its privatization.
Schaefer called upon the Government not to abandon the company and ask the Government to help Zim's parent company Israel Corp. to keep the company afloat. Schaefer added that a decision not to rescue the company would threaten Israel's shipping ties with the rest of the world. Zim is an important asset to the Israeli economy and must be kept afloat in order to serve Israel's business communities.
The ISC represents Israeli exportersand importers opposite shipping companies, .Israel Port Authorities, Israel Ministry of Transportation and other government offices and authorities.