Israeli shipping giant ZIM is facing its most severe challenges since the peak of its 2021 performance. Its third-quarter net profit plummeted nearly 90% year-on-year, two senior directors abruptly resigned, and the company is actively pushing to resume operations on the Red Sea route. This triple crisis has pushed the shipping firm, which has just emerged from a period of prosperity, into an unprecedented predicament. ZIM estimates it may as early as 2026 to allow its vessels to re-enter the Suez Canal. CEO Eli Glickman stated that while the resumption plan still requires approval from insurers and shipowners, the current ceasefire situation in Gaza is "encouraging.".


