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Splash Wrap: ZIM Sale Tops the Agenda

A $4.2 bn transaction will see Germany’s Hapag‑Lloyd acquire Israeli carrier ZIM, then spin off its Israeli operations into a new entity controlled by FIMI. The deal, which preserves 16 vessels for direct Israeli routes, triggered protests and a strike as workers fear large‑scale redundancies. Simultaneously, the Beijing Convention entered into force, standardising title rights in judicial ship sales. The IMO also warned that 529 vessels worldwide are operating with fraudulent registry documentation, a topic explored in this week’s Splash Wrap podcast.