Gold Star Line included in Hapag-Lloyd’s ZIM takeover

Gold Star Line, ZIM’s affiliated intra-Asia shipping line, will be part of the Israeli liner operator’s US$4.2 billion sale to Hapag-Lloyd.

Alphaliner said today that the takeover is expected to strengthen the intra-Asia presence of Hapag-Lloyd, which currently relies on slotting to move containers within Asia.

Hapag-Lloyd announced on 16 February an agreement to acquire ZIM, through a structure that involves the Israeli private equity investor FIMI Opportunity Funds. The completion of the transaction will be subject to agreement by the Israeli government as well as additional regulatory approvals and the consent of ZIM shareholders.