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05 April 2020 The on-line newspaper devoted to the world of transports 20:45 GMT+2



March 20, 2020

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Original news
A sharp drop in costs allows the company to ZIM navigation to close the last quarter of 2019 in surplus

Decline in revenues, containerized volumes transported and Noli

In the last quarter of last year, the fleet of container port of the Israeli shipping company ZIM containerized cargo of 698 thousand teu, with a -2.2% over the same period of 2018. The average rental per container transported was 1,017 dollar/teu, down -2.7% over the period October-December 2018. Reducing containerized volumes transport fares has led to a contraction in transport 3.0% of revenues, which amounted to 827.3 million US dollars compared to US 852.6 million dollars in the fourth quarter of 2018. Significantly more pronounced cost reductions than 685.6 million dollars (-11.7%), a decrease that was mainly generated by a decrease of -28.6% fuel costs fell by 37.6 per cent million dollars, of -15.7% of the expenses for the purchase of cargo and ship and container rental fell by 24.9 million, 21.1% of port expenses fell by 12.5 million and by -3.1% costs for handling loads that have fallen by 11.1 million dollars. EBITDA increased by 163.1% to 114.7 million dollars. Operating profit 44.6 million dollars compared to an operating profit negative sign for -23.8 million dollars in the last quarter 2018. ZIM ended the fourth quarter of 2019 with a profit net loss of USD 1.2 million compared to a net loss of USD 1.2 million. -46.0 million dollars in the corresponding period of the year Previous.

Throughout 2019, the company's fleet has carried containerized cargoes totalling 2.82 million teu, with a decrease of -3.2% on the previous year. The average rental for container was equal to 1,009 dollars/teu 3.7%. ZIM's revenues last year amounted to 3.30 billions of dollars (up 1.6%). Costs fell by -6.3% to 2.81 billions thanks to -27.9% reductions in purchase expenses of the bunker that fell by 149.7 million dollars, by -26.8% port expenses fell by 73.4 million and -6.6% in port expenses agency fees fell by 10.6 million, decreases partially offset by the 3.0% increase in costs for handling loads that have increased by 42.0 million dollars and 2.8% of the expenses for the purchase of slots and for the rental of ships and containers climbed by 14.7 million. EBITDA totaled USD 399.7 million, or 216.5% and the profit operating income of 153.0 million dollars compared to a result negative operating order of -28.6 million dollars in 2018. ZIM closed 2019 with a net loss of -13.0 million dollars compared to a net loss of -119.9 million dollars in the previous year.




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