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.

14 Oct 2016
Zim Integrated Shipping Services will add a new service linking Chinese ports with Prince Rupert, British Colum
29 Dec 2015
Zim Integrated Shipping Services said it will launch a seasonal Black Sea reefer service between Israel, Egypt and Russia earlier than planned in response to market demand.
28 Dec 2015
China’s Ministry of Transport has fined eight international container lines a total of $169,000 for failing to meet the freight rate guidelines set by the ministry.
23 Dec 2015
Zim Integrated Shipping Services is expanding its refrigerated container fleet by 1,900 forty-foot containers to meet growing demand for equipment that can provide shippers real-time updates of temperature and gas levels within the equipment.
26 Nov 2015
Zim Integrated Shipping Services’ financial recovery is gathering pace as the Israel-based ocean carrier posted its fourth consecutive quarterly operating profit in challenging market conditions.
02 Nov 2015
Zim Integrated Shipping Services and a European short-sea operator are reintroducing a seasonal refrigerated service aimed at agriculture shippers that connects the Mediterranean and the Middle East.
08 Oct 2015
Zim Integrated Shipping Services refused to comment on reports it is planning an initial public offering in the U.S. next year.
01 Oct 2015
Zim Integrated Shipping Services announced it is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment.
19 Aug 2015
Zim Integrated Shipping Service swung to a net profit of $23 million in the second quarter from a $50 million loss a year ago as a multi-billion dollar restructuring continued to improve the Israeli ocean’s carrier’s bottom line.
03 Jun 2015
Zim Integrated Shipping Services has restructured its participation in two U.S. Gulf-east coast of South America services it shares with other carriers.
20 May 2015
Zim Integrated Shipping Services returned to profit in the first quarter as a multi-billion dollar restructuring and sharply lower fuel prices accelerated its financial revival after seven straight years in the red.
11 May 2015
Zim has launched a new service between Asia and South America, soon to be followed by its debut on the Asia-U.S. East Coast route via Suez, as the financially revamped Israeli carrier seeks to expand its cargo base on core trades.