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Israel Signs $18,000,000 Pact on Ships to Be Built As Reparations

An $18,000,000 shipping contract for the delivery of eight ships to be built under the German reparations agreement was signed here today between the Israel Government and the Zim Navigation Company. Seven of the eight vessels will be delivered to the shipping concern before the end of this year.

The seven ships to be delivered by year’s end include a 10,000-ton combination passenger-cargo vessel for the Atlantic service, a giant tanker of over 1,800 tons, three freighters of 4,000 to 7,000 tons and two coastal freighters. The eighth ship, which is to be delivered by the end of 1956, will be a 9,000-ton liner designed to accommodate 560 passengers, for the Mediterranean service.

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