Danieli’s decision to withdraw from the company, which he joined 38 years ago, comes after he helped it return to profit last year following a major restructuring of its debts and liner services.

He oversaw Zim’s pull-out from loss-making Asia-Europe trades and shifted the carrier’s focus to the transpacific and intra-Asian business.

Danieli also helped implement broad structural changes, including two complex financial restructurings that saw Zim’s newbuilding programme slashed and the owned fleet of the Israeli carrier scaled back to just five panamax boxships today.

Zim