Lion Trans Atlantic’s new partner

Lion Trans Atlantic Atlantic has one of the most important partners in the world of transporter companies, with whom the cooperation is more secure, flexible and quicker. Today we present a shipping container Lion Trans Atlantic another partner ZIM corporation.

In 1969, approximately 50% of ZIM was acquired by the Israel Corporation. By ZIM’s 25th anniversary in 1970, the company owned 77 ships, chartered 70 ships, and operated 19 major cargo lines, carrying 4.3 million tons of cargo annually. 

Next, ZIM made the bold move into container shipping. ZIM was a pioneer in this area, one of the first carriers in the world to adopt the technology that was new at the time, yet destined to dominate the shipping industry in the decades to come. To this end, the company acquired six specialized container ships, in addition to containers and shore equipment

In 1972, ZIM introduced the innovative ZCS. The "ZIM Container Service" was a three-continent line, with a scheduled 100-day journey that originated in Israel and included ports of call in the Far East, Asia, America and Europe. During this period, ZIM also deployed tankers to carry crude oil from Iran to Israel, and finished goods from Israel to Europe.

During the late 1980s, ZIM embarked on a massive fleet renovation and expansion project. From 1990 to 1997, ZIM built 15 modern ships, enabling the company to offer a weekly fixed-day sailing schedule, positioning ZIM among the world’s top-ranking shipping companies.

In response to the global shipping crisis in 1997, a result of the financial crisis in Asia, ZIM launched a new effort to optimize the company’s operations through increased efficiency and focused expansion. The company added 13 new 5,000 TEU container ships to its fleet, increasing ZIM’s cargo capacity by a remarkable 50% within two years.

Privatization & Changes

In 1999, the Offer Brothers Group became the controlling shareholder of the Israel Corporation. In 2004, the Israel Corporation acquired the remaining ZIM shares held by the government, completing ZIM's privatization process. The current ownership structure was established following a large-scale financial restructuring in 2014.