Zim Integrated Shipping Services

Zim Integrated Shipping Services

Zim Integrated Shipping services is Israel’s largest shipping company. Established in 1945, Zim operates a fleet of 89 vessels with a total carrying capacity of 363,474 TEUs (20-foot-equivalent units), making it the world’s 18th largest shipping company.

The Haifa-based company is a subsidiary of Israel Corp. Its U.S. headquarters is in Norfolk, Virginia. The shipping company posted revenues of US$3.7 billion in 2013-- down 7 percent on a year on year basis. The company recorded a net loss of $535 million, up 23.5 percent from the previous year’s net loss of $433 million.

Zim was the 17th-ranked container carrier in U.S containerized import trade in 2013, with volume of 313,180 TEUs, down 5.1 percent year-over-year, giving it market share of 1.7 percent. It was No. 19  in U.S. containerized export trade in 2013, with volume of 246,790 TEUs, down 6.4 percent year-over-year and market share of 1.9 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

Zim container ship in Savannah
24 Apr 2015
Zim Integrated Shipping Services announced the launch of a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May.
Zim Integrated Shipping Services container ship in Ukraine port of Odessa
16 Apr 2015
Zim Integrated Shipping Services is finally emerging from seven straight years of mounting losses and a multibillion-dollar restructuring that saved it from bankruptcy, its CEO Rafi Danieli says.
31 Mar 2015
Israeli carrier Zim Integrated Shipping Services sharply narrowed its net loss to $127 million in 2014 from $343 million in 2013, with the turnaround accelerating in a strong final quarter.
26 Nov 2014
An Israel Corp. shareholder vote on the spinoff of Zim Integrated Shipping Services and several other businesses into a new company, Kenon Holdings Ltd., has been scheduled for a Dec. 31 vote.
21 Nov 2014
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.
20 Nov 2014
Zim Integrated Shipping Services’ net loss narrowed in the third quarter as the Israeli ocean carrier started to benefit from a $3.4 billion debt restructuring.
14 Oct 2014
Israel Corp. will shift its stake in Zim Integrated Shipping Services, along with several other companies, to a holdings company that will be listed on stock exchanges in New York and Tel Aviv, the company announced.
13 Oct 2014
Protesters were unsuccessful in delaying the arrival of the Zim Alabama at the Port of Tampa Bay over the weekend, though demonstrations against the Israeli-owned carrier are beginning to spread to more U.S. ports.
30 Sep 2014
A Zim Integrated Shipping Services ship forced to abandon its scheduled call at the Port of Oakland over the weekend is now docked at the Port of Long Beach and unloading.
28 Sep 2014
A Zim Integrated Shipping Services vessel that was the target of anti-Israel protesters left the Port of Oakland late Saturday without being worked when longshoremen refused to report to their jobs, citing health and safety concerns.
27 Sep 2014
About 40 anti-Israel protesters picketed the vessel Zim Shanghai Saturday morning at the Port of Oakland. The vessel was not worked during the day shift.
31 Aug 2014
Zim Integrated Shipping Services entered the final stages of a debt restructuring programme after posting a mixed set of first-quarter results where the carrier managed to reduce the size of its loss despite falling revenue.