Consolidation View Gaining Momentum As Zim Considers A Merger Strategy

BMI's view of consolidation in the box shipping sector is gathering momentum, with Israel's Zim Integrated Shipping Services (Zim) the latest line to announce that it is considering a full merger. We highlight that while the company may currently be posting losses, its emerging market exposure will be of interest to a number of potential merger partners. CFW does highlight one potential risk if Zim progresses with a merger plan, and that is the reaction of the Israeli government, as the shipping line has played and continues to play a vital role in the country's development.

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