Current sectionIsrael NewsIsrael SecurityShareholders in Israel's largest shipping company approved its sale to Hapag-Lloyd, valuing it at $4.2 billion. The deal requires special approval from the Defense Ministry, which must confirm it does not harm Israel's security interests in ZimShare to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeAvi Bar-Eli11:55 AM • June 05 2026 IDTGerman shipping company Hapag-Lloyd has hired former IDF Chief of Staff Gabi Ashkenazi to help advance its bid to acquire Israel's largest shipping company, Zim.Loading...Click the alert icon to follow topics:Saudi ArabiaQatarIDFIsrael business newsIsrael economyGabi Ashkenazi GermanyCommentsLoading...In the NewsIn the News: Israel-Iran Live UpdatesLebanonGulfNoam SohlbergMichael RabelloNetanyahu-TrumpHaQuizHaaretz PodcastGerman Shipping Company Hires Former IDF Chief to Advance Its Zim AcquisitionSolution to Hezbollah Drones Exists – Is the IDF Ready for the Next Threat?IDF Chief Condemns Far-right MK Visit to Joseph's Tomb Over Diversion of Troops'Server in the Sky': How Israeli Drones Became a 'Target Generator' Over GazaPolice Increasingly Suspect Criminal Motive in Killing of Israeli CoupleRemembering and rebuilding two years laterICYMIFar-right Israeli Ministers Join Thousands at Israel Day Parade in New YorkWho Built the Biblical-era Fortresses in the Deserts of Israel and Jordan?Israel's Solution to the Gaza Problem Is Well Underway'Fucking Crazy': Trump Lashes Out at Netanyahu Over Lebanon, Report Says'Israel Is Unstoppable, We Need Other Countries to Get Us Out of This'The Paradigm That Led to Oct. 7 Didn't Collapse, It Was Fiction From the Start