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12 July 2020 The on-line newspaper devoted to the world of transports 20:30 GMT+2

March 21, 2019

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Original news
An sensitive increase of the costs hung on budget 2018 of the ZIM

The exercise is closed in loss. In the year the ships of the fleet have transported than 2,9 million container (+10.8% more)

The company of containerized navigation Israeli ZIM has recorded the fifth consecutive trimester in loss archiviando the period October-December of the 2018 with an economic result clearly of sign negative pairs to -46,0 million dollars respect to a net loss of -9,7 million dollars in the correspondent period of the year precedence. Graces also to an increment of +4.2% of the transported containerized volumes, that they are piled to 714 thousand teu, and to a rise of +9.0% of the medium hire for container teu transported, that it has turned out pairs to 1.045 dollars/teu, in the last trimester last year the revenues are increased of +12.1% attesting itself to 852,6 million dollars. More emphasized the increase of the costs that have totaled 776,3 million dollars (+14.1%). The EBITDA has been of 42,4 million dollars (- 11.9%) and the operating result has been of sign negative and pairs to -23,8 million dollars respect to an operating profit of 20,3 million dollars in the fourth trimester of 2017.

In entire exercise 2018, year in the course of which the portacontenitori of the company have transported beyond 2,9 million teu, with an increase of +10.8% on 2017, and the medium hire for transported container has been of 973 dollars/teu (- 2.2%), the revenues of the ZIM has been pairs to 3,25 billion dollars, with an increment of +9.1% that is counterbalanced by a more important progression of the attested costs to 3,00 billion dollars (+15.4%). The EBITDA has been pairs to 121,0 million dollars (- 50.8%). Operating result and economic result clearly of exercise 2018 have been both of sign negative and pairs respective to -28,6 million and -119,9 million dollars regarding figures of positive sign and pairs to 135,1 million and 11,4 million dollars in 2017.

The Israeli company has evidenced that on the result of 2018 hung the recording of relative losses for reduction of value to destined ships to the dismissione pairs to 38,0 million dollars, voice that in the exercise anniversary 2017 turns out to be of 2,4 million dollars, moreover puts up losses more than balanced from an sensitive reduction of other costs between which that of the financial burdens that have been pairs to 82,5 million dollars regarding 117,0 million dollars in 2017.

The president and managing director of the ZIM, Eli Glickman, have remembered that in the course of the 2018 company an agreement of strategic cooperation with the 2M has signed, the alliance constituted from the two leaders of the market of the containerized marine transport, the Maersk Line and the Mediterranean Shipping Company (MSC)(on 19 July 2018), understanding that at the beginning of this year is extended to ulterior marine routes(on 10 January 2019). "This agreement - it has emphasized Glickman - allows with ZIM to offer to its customers a better range than produced and services and to tackle to the volatility of the hires and the price of the fuel. We have had the possibility to relatively achieve an improvement of the efficiency to the costs increasing meanwhile remarkablly the transported volumes".

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