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.
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.
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 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.
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.
After long delays, Israeli container carrier ZIM has published its interim report for the second quarter 2016, which shows a deficit of USD 74 million. The delay is attributed to refinancing negotiations which are now settled.
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.
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.
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.