Largest “Israeli” shipping company goes bankrupt after Eilat port closure

OCCUPIED AL-QUDS, Feb. 17 (YPA) – The Hebrew economic newspaper Calcalist revealed a new economic blow to the Zionist occupation, following the closure of the “Port of Eilat” after Yemeni support operations for Gaza during the past two years, which prevented ships from reaching the Zionist port via the Red Sea.

 

The Zionist Shipping and Ports Authority, in its first reaction to the acquisition deal of the Israeli company ZIM by the German company Hafa Lloyd and the FIMI fund, warned that this acquisition means a strategic danger to “Israel”.

 

The director of the Zionist Shipping and Ports Authority, Zadok Redker, said that the occupation will lose its maritime independence if the ZIM company collapses, and warned of the fateful consequences for the shipping industry in “Israel” if the acquisition deal is implemented.

 

He stressed that the expected decline in the world of shipping in the near future constitutes an existential threat to the ZIM company, indicating that the company is exposed to a loss of liquidity, deterioration, freezing of payments, and even reaching bankruptcy in a relatively short time.

 

It should be noted that Yemeni operations supporting Gaza have harmed the Israeli economy, whereas the port of Eilat was officially closed after two years of rocket and drone strikes and a naval blockade.