ZIM

ZIM’s financial recovery continues with strong Q3 results

Israeli ocean carrier ZIM has announced a net income of US$1.13 billion in the third quarter of 2024, while the company reported a US$2.27 billion loss in the same period last year.

Similarly, ZIM achieved EBITDA of US$1.53 billion in the third quarter, representing a year-over-year increase of 626% and operating income (EBIT) of US$1.23 billion, compared to an operating loss of US$2.28 billion in the third quarter of 2023.

The total revenues of the shipping company increased by 117% to US$2.77...

https://container-news.com/zims-financial-recovery-continues-with-strong-q3-results/

ZIM launches campaign to build US team

ZIM Integrated Shipping Services has launched a new Employer Brand Campaign to attract top talents to its offices in the United States.

With the slogan “Hear the Difference. See the Difference. Be the Difference,” ZIM emphasizes the importance of a strong employer brand to connect with skilled professionals.

This campaign was crafted using insights from ZIM’s employees, ensuring its messages authentically reflect the perspectives of its team. Through this initiative, the Israeil-based shipping...

https://container-news.com/zim-launches-campaign-to-build-us-team/

Lekki Port welcomes new COSCO, ONE and ZIM services

In a significant boost to Nigeria’s maritime industry and international trade, Lekki Port LFTZ Enterprise Limited (LPLEL), Lekki Freeport Terminal, and the Lagos Free Zone have launched new shipping services from COSCO, ONE (Ocean Network Express) and ZIM at Lekki Deep Sea Port.

This milestone was marked by the arrival of the E A Centaurus, a 277-meter vessel with a capacity of 7,000 TEUs, which is now the largest COSCO vessel to dock in Nigeria. The E A Centaurus arrived at Lekki Deep Sea Port...

https://container-news.com/lekki-port-welcomes-new-cosco-one-and-zim-services/

Most Reliable Ocean Carriers in 2024

Since 2019, no single carrier among the top 13 global shipping companies has consistently ranked as the most reliable provider across more than 30% of the trade lanes they serve in any given month, according to Sea-Intelligence analysis.

In its GLP report, the Danish maritime data analysis company assessed schedule reliability across 34 global trade lanes and developed a composite score to quantify reliability for the first nine months of the year.

“How is it then possible for a carrier to be the...

https://container-news.com/most-reliable-ocean-carriers-in-2024/

ZIM updates PSS from Far East to Med, Black Sea and North Europe

Israeli container carrier ZIM has updated its Peak Season Surcharge (PSS) from Far East to East Mediterranean, West Mediterranean, Black Sea, excluding Russian trades, and North Europe.

ZIM’s surcharge will be effective from 1 November until further notice.


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https://container-news.com/zim-updates-pss-from-far-east-to-med-black-sea-and-north-europe/

Newbuild Vessels: Fleet Expansion or Renewal for Leading Container Lines?

While the boxship newbuilding orderbook is now close to 25% of the active fleet, several liner operators still have a good number of elderly vessels in their fleet, leaving room for renewal, according to Alphaliner.

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Martina Li
Asia Correspondent


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https://container-news.com/newbuild-vessels-fleet-expansion-or-renewal-for-leading-container-lines/

ZIM and MSC announce new cooperation in Transpacific trade

ZIM and MSC have signed a new agreement for six Asia to US East Coast and US Gulf Coast services, scheduled to commence in February 2025.

The three-year agreement between the two ocean carriers includes slot swap and vessel sharing agreements, including six services connecting Asia with the US East Coast, West Coast of Mexico, Caribbean ports and US Gulf ports.

The proposed rotations of the ZIM/MSC services:

ZIM Seven Stars (Z7S): Singapore – Laem Chabang – Yantian – Cai Mep – Singapore – Suez...

https://container-news.com/zim-and-msc-announce-new-cooperation-in-transpacific-trade/

Liner operators’ margins hit post-Covid peak

Alphaliner’s report today (4 September) stated that margins for the nine largest liner operators topped 20% in Q2 2024, the highest since the Covid-19 pandemic, as the tonnage overhang was absorbed by the Red Sea crisis.

As in the early days of the pandemic, carriers with strong spot exposure to Far East exports performed best in the latest quarter. Taiwanese operator Evergreen Marine Corporation (EMC) has the highest margin, at 30.7%, after operating profit of US$1 billion.

Effective cost...

https://container-news.com/liner-operators-margins-hit-post-covid-peak/

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