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1 week agoIran war wreaking havoc on cargo, global delays likely
Middle East conflict disrupts regional logistics hubs but poses minimal threat to global technology markets unless escalation occurs.
Germany's HapagLloyd, the world's fifth-largest container shipping line, has signed a deal to acquire its Israeli rival Zim Integrated Shipping Services for $4.2 billion (3.5 billion). The merger agreement was signed on Monday, following advanced talks. It was unanimously approved by Zim's Board of Directors but needs the formal sign-off from Israel's government, which holds special rights embedded in Zim's founding charter.