ZIM notifies that the measuring point “Kaub” on the Rhine river has turned back to a normal level.
As a result, company withdraws the Low Water Surcharges, which it announced at November 1st, 2018.
The post ZIM withdraws the Low Water Surcharges appeared first on Container News.
http://container-news.com/zim-withdraws-low-water-surcharges/
ZIM announces that as of January 1st, 2019 till further notice, the THC/THD rates for DV containers shall be 200 Euros per TEU.
“These measures are necessary in order to maintain our current levels of service and high reliability”, company said in its press release.
Above THC is additional to the applicable base freight charge, bunker, security related and PSS charges as well as to other charges for additional services, local charges and contingency...
Starting mid December 2018, ZIM’s premium service Asia-South America East Coast Service (ASE) will operate under a new agreement, in cooperation with Maersk Line.
The service’s upgraded rotation, adjusted to meet market requirements, improve transit time and to ensure reliable and stable schedule, is as follows:
Pusan – Shanghai – Ningbo – Hong Kong -Shekou – Singapore – Itaguai Sepetiba – Santos- Itapoa – Itajai –Buenos Aires – Montevideo – Itajai –Paranagua – Santos – Singapore – Hong Kong –...
The IMO’s 0.5% sulphur cap, to be imposed in January 2020, could be a “blessing in disguise” for shipping lines, should the regulatory fallout finally end the industry’s elusive search for supply and demand balance.
However, any benefits will not materialise without short-term pain, according to analysts speaking today at the Asia Logistics & Maritime Conference in Hong Kong.
“IMO 2020 could be very helpful in terms of supply,” said McKinsey & …
The post 2020 low sulphur regulations could be...
https://theloadstar.co.uk/2020-low-sulphur-regulations-saviour-container-shipping/
Zim may have recorded its highest quarterly revenues in four years ($841m versus $817m in 2017), but profits fell dramatically in the three months to September. Hellenic Shipping News reports Zim’s ebitda fell almost half, year on year, to $44.3m, compared with $84m on 2017. Despite this, chief executive Eli Glickman sounded upbeat, noting that the carrier had been facing a “challenging and volatile” business environment. Mr Glickman suggested the coming quarters …
The post Zim Q3 revenues...
https://theloadstar.co.uk/zim-q3-revenues-highest-four-years-profits-fall/
Total revenue stood at $840.7 million in Q3 2018, the highest in the last 4 years, reflecting an increase of 4.7% compared to $803.2 million in Q2 2018
In Q3 2018, ZIM carried 730 thousand TEUs (reflecting a decrease of 5.5% compared to Q2 2018)
Adjusted net profit was $1.3 million in Q3 2018, compared to Adjusted net loss of $20.6 million in Q2 2018
Adjusted EBITDA of $48.8 million in Q3 2018, compared to Adjusted EBITDA of $23.1 million in Q2 2018
Operating cash flow of $54.1 million in Q3 2018, c...
ZIM and MSC announce that the joint Black Sea Service, to meet agricultural season demand, will continue during 2018-19.
The service will continue to operate in the following rotation:
Alexandria – Ashdod – Novorossiysk – Alexandria
The service will commence in Ashdod on week 46, November 15th 2018.
The...
http://container-news.com/black-sea-service-zim-msc-continues/
ZIM notifies that the measuring point “Kaub“ on the Rhine river has fallen in the end of last week below 30cm, which caused an operational stand still, most of the barges operated on the Rhine river were no longer able to proceed through the “Kaub” measuring point and shipping of our cargo has effectively stopped.
The current situation slightly improved and the barges are operating with lower capacity as the water level remains critical, the forecast is currently showing an unstable trend.
As a...
http://container-news.com/rhine-condition-unstable-surcharges-effect/
The Jacksonville Port Authority welcomed its first ZIM containership, the 10,070 TEU Tianjin.
https://worldmaritimenews.com/archives/263250/jacksonville-port-welcomes-its-first-zim-boxship/
In light of the continuous balancing challenges at Turkey ports, and in order to maintain its service levels, ZIM has decided to implement Emergency Imbalance Surcharge of $55 per Container on Export from Turkey, applies on all cargo, in the following trades:
The above shall be implemented as of November 1st, 2018 sailing date (*), till further notice.
http://container-news.com/emergency-imbalance-surcharge-turkey/