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2M cooperation helps ZIM back in the black

Israeli container line ZIM increased its revenue in the second quarter and reported a positive bottom line. This development is attributed to, among other factors, the company's cooperation with Maersk and MSC's 2M Alliance, according to CEO.

ZIM expands cooperation with 2M

2M strengthens its collaboration with Israeli liner company ZIM, which adds two new services and 20 container vessels to their partnership. The news come the same week as HMM's exit from 2M.

Maersk and Zim shrank their fleets in 2018

According to a survey by Seaintelligence, the fleets at 6 of the 12 largest liner shipping companies have grown less than the increase in general demand. Maersk and Zim have downright reduced their fleet size in 2018.

Outsider Zim booked bigger deficit in Q1

Zim, which is one of the few container carriers not absorbed by an alliance, booked a larger deficit in the first quarter of this year than the year prior. Three elements are the fault of management, which is otherwise optimistic due to higher freight volumes.

Zim carried record volumes in the third quarter

Israeli container carrier Zim is not a member of an alliance, but the carrier has managed to grow in the third quarter, a period in which Zim transported its largest number of containers ever.

New CEO will turn around Israel's Zim

ZIM will get a new CEO this summer. He will transform and adapt the company to the new reality of the container market, where the carrier sits outside the three major alliances. According to Wall Street Journal, several shareholders are certain of a sale.

Zim suffers big full-year deficit for 2016

Israeli container carrier Zim finished 2016 with a major deficit on the bottom line in 2016 despite increasing cargo volumes during the year. Yet the carrier turned a profit in the fourth quarter, and this development will continue, projects CEO Rafi Danieli.

Zim continued in the red in third quarter

Israeli container carrier Zim had to deliver another loss on the bottom line in the third quarter. "An improvement in a squeezed market," says the company's management.

Zim fortsatte i rødt i tredje kvartal

Det israelske containerrederi Zim måtte også i tredje kvartal aflevere et minus på bundlinejn. "En forbedring i et presset marked," lyder det fra ledelsen i selskabet.

ZIM denies rumors of fleet sale

Israeli carrier ZIM has, according to the Wall Street Journal, put vessels and its Pacific customer base up for sale in order to become a regional carrier on the Mediterranean.

ZIM taber halv mia i forsinket kvartalsregnskab

Efter længere tids forsinkelse har det israelske containerrederi ZIM nu offentliggjort regnskabet for andet kvartal 2016, som bød på et underskud på næsten en halv mia. kr. Forsinkelsen skyldes forhandlinger om refinansiering, som nu er på plads.

Alphaliner: Israel's Zim could join the 2M alliance

Analysts Alphaliner reports that Israeli container carrier Zim is allegedly in talks with 2M for a possible expansion of the major container alliance. Maersk Line declines to comment when approached by ShippingWatch.

Zim on the lookout for new CEO

Israeli container carrier Zim needs a new CEO, as the current CEO, Rafi Danieli, has informed the board that he intends to resign.

Container carriers note reliability setback in July

Schedule reliability for container carriers noted a setback for the first time since March this year, according to SeaIntel's review of data from July. Maersk Line returned to reliability and finished in the top spot among the industry's 20 biggest players.

Zim fastholder plus i andet kvartal

Den israelske containerreder Zim har formået at holde fast i sit overskud fra første kvartal i andet kvartal efter en omfattende restrukturering.

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