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Reports say Zim debt deal could be signed this week

Israel’s Globes newspaper said last week Zim and its creditors have signed a debt settlement that includes a 50 percent write-off of Zim’s $3 billion debt, mostly to foreign banks. It said the write-off will be the largest in Israel’s history. 

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.