News / Zim pleads for prompt rubber stamp on ‘Golden Share’ as it posts a $62m loss

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Embattled Israeli ocean carrier Zim has appealed to its government to expedite the approval of changes to the terms of the “golden share” held by the state, “essential” to the restructure of the “New Zim”.

The financially-stressed carrier announced this month that it had finalised the terms of its $3bn financial restructuring arrangements with creditors – including paying reduced charter hire on some ships – “following a protracted and complex series of negotiations”.

However, it now appears that the amendments to the ...