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.

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.
23 Aug 2014
The Zim Chicago was being worked at the Port of Tacoma on Saturday morning despite the presence of protesters seeking to
22 Aug 2014
Protests will continue on the U.S. West Coast against Israel-based Zim Integrated Shipping Services, as new actions are scheduled in Seattle and Tacoma next week.
20 Aug 2014
The Port of Oakland was returning to normalcy Wednesday after four days of on-again, off-again demonstrations by anti-Israel protesters involving the Zim Piraeus container ship.
19 Aug 2014
The SSA Marine terminal at the Port of Oakland remained closed Tuesday because longshoremen refused to report to their jobs, even though the anti-Israel demonstrators who had blocked entrance to the facility on Sunday were long gone.