A business plan drawn up by Israeli consultants Trigger Foresight for Zim’s biggest shareholder, Israel Corp, outlines plans to close non-profitable trade routes in order to focus on the transpacific and intra-Asia business.
It projects a return to near break-even levels for Zim by 2016 and sustained profitability by 2017, although net losses of $129m are forecast this year.
Key assumptions are that Zim will shut down operations of its two non-profitable trade lines between Asia and Northern Europe and between Asia and East Coast South America in 2015.
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