Reuters cited the unnamed official as saying: "Zim CEO Rafi Danieli has expressed his desire to step down as CEO and Israel Corp would like him to become chairman of Zim, but we will no longer be deciding alone."

Idan Ofer-controlled Israel Corp will cease to be the majority owner of the container line once the $1.4bn debt for equity swap goes through, hence the reference to other parties being involved in the decision-making process.

Zim