Executives say Zim will use its record quarterly profits to pay shareholder dividends, purchase new ships, and possibly to acquire a regional intra-Asia line, if the right opportunity arises.
Zim Integrated Shipping Services
Zim Integrated Shipping Services
One of the largest container lines in the Middle East, Haifa-based Zim Lines is Israel’s largest carrier in both US import trade lanes and US export trade lanes.
Zim provides services on several global trade lanes, including East Asia-West Africa; East Asia-South Africa; Mediterranean-Gulf of Mexico; Mediterranean-West Coast; Mediterranean-East Coast; China-Singapore-Israel; and Mediterranean-South American East Coast (Brazil, Argentina).
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Press Releases
28 May 2014
Zim’s first quarter loss shrank 45 percent from a year earlier as the Israeli ocean carrier continued to cut costs in the run-up to a $3 billion financial restructuring.
20 May 2014
Zim is launching a new U.S. Gulf-Brazil direct service in cooperation with Mediterranean Shipping Co. as part of a streamlined inter-Americas operation.
19 May 2014
Zim Integrated Shipping today announced it has finalized terms of a $3 billion financial restructuring that will enable the Israeli ocean carrier to raise funds to buy new ships and enter joint ventures and strategic partnerships with other container shipping lines.
15 May 2014
Zim is teaming up with Hapag-Lloyd on the U.S.-Mediterranean route to increase port coverage and reduce transit times, in the Israeli ocean carrier’s second agreement with a member of the G6 Alliance in the past week.
09 May 2014
Zim yesterday announced the imminent launch of an enhanced service structure between Asia and the West Coast of North America after it agreed to expand its cooperation with the G6 Alliance.
07 Apr 2014
Hapag-Lloyd was first carrier to announce the westbound May rate increases even as April 1 GRIs struggle to lift a market weighed down by overcapacity and weak demand.
28 Mar 2014
For someone who’s just unveiled a whopping $530 million net loss for 2013, Zim’s chief executive Rafi Danieli appears to be in an outlandishly bullish mood.
27 Mar 2014
LONDON — Zim Integrated Shipping Services’ net loss soared to $530 million in 2013 — more than half booked in the final three months — from $428 million a year earlier, but the Israeli ocean carrier said an imminent restructuring deal will “dramatically” improve its finances.
19 Feb 2014
A depressing air of déjà vu enveloped the Hamburg shipping community when Greek container ship owner Danaos announced that it is taking a $19 million hit on the debt restructuring of Zim as it cuts the charter rates of six ships on hire to the Israeli ocean carrier.
13 Feb 2014
Zim has canceled its remaining orders for four 12,552-TEU ships from Samsung Heavy Industries and four 8,800-TEU ships from Hyundai Samho...
11 Feb 2014
Danaos, the Greek container ship owner, remained in the red in the fourth quarter of 2013, but swung to a profit for the full year from a loss in 2012.
10 Feb 2014
New estimates on postponement of ship deliveries and scrapping are already tamping down estimates on capacity tonnage growth this year.
04 Feb 2014
Based on SeaIntel’s monthly Global Liner Performance reports from 2013, container ships reached their destination ports around the world on time 79.5 percent of the time in 2013...
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
23 Jan 2014
Israeli ocean carrier Zim today announced it has reached a $3 billion debt restructuring deal with a majority of its creditors, paving the way for new partnerships with rival lines, an initial public offering and orders for mega container vessels.
17 Jan 2014
Israel Corp. is set to lose control over Zim Integrated Shipping Services after creditors agreed to restructure the financially troubled Israeli ocean carrier’s debt.
02 Dec 2013
Zim Integrated Shipping Services returned to the black in the third quarter of 2013, as it closed on a debt restructuring deal with its creditors.
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
12 Nov 2013
Israeli ocean carrier Zim has completed the $50.5 million sale of stakes in two Chinese container manufacturers.
05 Nov 2013
Officials from the Tampa Port Authority and terminal operator Ports America, as well as regional exporters and importers, celebrated the 10-year anniversary of Zim Integrated Shipping Services’ calls at the Port of Tampa.
18 Oct 2013
Jimmy Lyons is on a hunt for a lot more empty import containers to load with all the export cargo funneling through the Port of Mobile.
16 Oct 2013
Container shipping lines in the Transpacific Stabilization Agreement Westbound section are attempting to set...
14 Oct 2013
Zim’s special cargo team has handled a shipment of a 100-ton, 92-foot-long yacht, shipped on board the Zim Ontario from Asia to Port of Savannah.
04 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in October and November.
04 Oct 2013
Freightliner has run its first service out of London Gateway to collect import containers destined for the Midlands in England.
26 Sep 2013
OOCL has entered into a vessel-sharing agreement with Zim Integrated Shipping Services on the Israeli carrier’s independent East Mediterranean Express (EMX) Service, effective this month.
11 Sep 2013
Zim Integrated Shipping Services is reorganizing the port rotation of its independent Asia-India Subcontinent-East Med Service, known as the AME Service.
03 Sep 2013
Zim Integrated Shipping has introduced a new weekly service, the Caribbean Gulf Express, to the Port of New Orleans’ Napoleon Avenue Container Terminal.
29 Aug 2013
Zim Integrated Shipping Services reported a $72 million net loss for its second quarter, up from a $47 million loss in the same period of 2012, but an improvement on the $110 million deficit in the 2013 first quarter.
21 Aug 2013
Zim Integrated Shipping Services has launched a new Florida Central America service connecting Miami; Santo Tomas de Castilla, Guatemala; and Puerto Cortes, Honduras.
16 Aug 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October.
05 Aug 2013
Zim Integrated Shipping Services will launch a new service, Balboa Central America Express, which will connect ports on the west coast of Central America with the carrier’s Container Service Pacific via the Port of Balboa, Panama.
25 Jul 2013
Zim Integrated Shipping Services has enhanced the port coverage of its Asia-Europe service, AEX1.
27 Jun 2013
Israel Corp.
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