Shipping executive Ofer dies at 87

   Yehuda “Yuli” Ofer, 87, who with brother Sammy co-founded one of the world’s largest shipping companies, dies late Sunday night at his home in Herzliya, Israel.
    Sammy, 89, died in June.
    The Ofer Brothers Group is a wide-ranging conglomerate that among other things owns and operates Israel’s largest privately owned shipping enterprise.
    Through the holding company Israel Corp, the Ofer family is the major owner of container liner company Zim. They were also major investors in Royal Caribbean Cruises.
    Yuli and Sammy transformed their family’s small ship chandlery and shipping agency in Haifa into a large economic conglomerate. Their brother David, who died in 1994, also worked for the company after a government career.