August 19, 2020
- ZIM also "benefits" from the effects of
- Glickman: "In the second quarter of 2020, we
our best results of the last decade.
- The economic and operating results recorded in the second
quarter of this year by the shipping company
ZIM containers have followed the trajectory
similar performance already announced by other leading companies
of this market. Even for the Israeli company, in fact, the
significant decrease in costs has led to a strong decrease in costs
economic performance in the face of a decline in
fleet-carried loads and the consequent decline in
revenues despite the rentals being growing.
- In the second quarter of 2020, ZIM reported revenues of
795.1 million dollars, a decrease of -4.7% on
same period last year. Operating costs fell by
-13.2% to 623.9 million dollars, a reduction of 94.6 million
compared to the April-June period of 2019 generated by cuts of 37.7
million dollars of cargo handling expenses
(-10.4%), 29.5 million fuel expenses (-30.7%) And
24.8% of ship and cargo space rental expenses
(-18,3%). EBITDA was US 145.0 million
operating profit up 42.2%, operating profit up 55.6% to US 68.8 million US dollars And
net profit at US 25.3 million, or 393.4%.
- In the second quarter of this year, the container fleet
ZIM carried containerized cargo for a total of
641 thousand teu (-12.3%) average revenue per container transported is
1,071 dollars/teu (up 7.9%).
- "In the second quarter of 2020-
president and CEO of ZIM, Eli Glickman -
we've had our best results of the last decade,
which we believe are the result of our overall strategy that,
along with our vision and our values and capabilities
our staff, produced these results,
exceptional and encouraging. The decrease in the cost of
rentals and fuel, as well as the levels of the noli -- he
Glickman - had a positive impact on the results.
However, it is important to point out that this result is
been achieved as we were facing the formidable challenges