The Zim Lines, Israel’s largest shipping company, announced that it will either build or purchase a 250,000 deadweight ton supertanker now that Israel has made a firm decision to construct a 42-inch oil pipeline from Eilat on the Gulf of Aqaba to Ashdod on the Mediterranean Sea. According to the company’s directors Zim had been reluctant to commit itself to so large a vessel without assurances that it would be fully employed. Other Israeli shipping companies have reportedly ordered the giant tankers to carry oil to Eilat and bypass the Suez Canal.
One of Israel’s youngest shipping companies has become one of Israel’s largest and is doing $9 million worth of business a year although its services, for the time being, are confined to Mediterranean. Adriatic and Black Sea ports. According to Yehuda Ofer, owner of Mediterranean Lines, Ltd., the company now operates 16 cargo vessels, a number of them refrigerated. It just purchased four freighters from Britain for $3 million and has chartered another six. Mediterranean Lines now ranks third in size after the Government-owned Zim Lines and the privately owned Cargo Ships El Yam Ltd.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
