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.

07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
29 Jun 2016
Zim Integrated Shipping Services might join the 2M Alliance.
26 May 2016
Zim Integrated Shipping Services swung to a loss in the first quarter despite an increase in container volume.
12 May 2016
Five non-vessel-operating common carriers and forwarders have paid the U.S. Federal Maritime Commission to settle allegations they misrepresented cargo to carriers.
24 Mar 2016
Zim Integrated Shipping Services closed 2015 in the black, but sank to a loss in a fourth quarter marked by record-low freight rates.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
02 Feb 2016
Zim Integrated Shipping Services unveiled plans to overhaul its organizational structure to maximize profits on the Israeli ocean carrier’s core liner routes.
08 Jan 2016
Rafi Danieli, CEO of Zim Integrated Shipping Services since 2009, is resigning after a 37-year career with the Israeli carrier.
05 Jan 2016
Zim Integrated Shipping Services has delayed an initial public offering on Wall Street planned for the first half of the year because of deteriorating market conditions and slowing world trade, according to an Israeli news website.
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.