Zim Integrated Shipping Services said its parent Israel Corp. will provide a $450 million capital injection and a $100 million “safety net” to shore up the struggling Israeli carrier’s finances. … Zim lost $302 million in the first half of 2009 and has laid up about a fifth of its fleet, but has orders for 27 vessels with capacity of 239,498 20-foot equivalent units.

From the Journal of Commerce, November 3, 2009