Independent journal on economy and transport policy
18:48 GMT+1
This page has been automatically translated by Original news
The economic performances of the Zim are returned to a level pre-crisis
In the 2010 fleet of the Israeli company it has transported beyond 2,2 million container (+23.2%)
March 30, 2011
The shipowning society Israeli Zim is returned to the results pre-crisis closing the exercise 2010 with a profit clearly of 54 million dollars on revenues for 3.717 million dollars respect to a net loss of 429 million dollars on revenues for 2.449 million dollars in the exercise anniversary precedence. The EBITDA has been positive for 403 million dollars respect to a value negative for 518 million dollars in 2009.
The consisting increase of the economic performances is generated also by the increase of the volumes transported from the fleet of the company and the rise of the hire installments. Last year the portacontainer of the Zim they have transported altogether 2.218.000 teu, with an increment of 23.2% regarding the year precedence. The medium hire for container teu has been pairs to 1.384 dollars (+21.2%). Such contribution is negatively counterbalanced by the fort increase of the cost of the fuel, that it has grown of 51% regarding 2009.
"2010 - the president of the Zim has declared, Nir Gilad - are characterized by a resumption of all the world-wide industry of the shipping that in 2009 it had suffered the most serious crisis from its history. The field has addressed towards the stability and the increase. It must be evidenced, however, than the market of the shipping still it is characterized by an excess of offer and volatility and that the prices of the oil have an impact negative on the societies that operate in the field".
In the solo last trimester of the 2010 Zim has recorded a profit clearly of 96 million dollars on revenues for 986 million dollars, in increase respective of 18.5% and 43.3% on the correspondent period of the year precedence. In the fourth trimester the 2010 fleet of the company has transported 566,000 container teu (+13.7% on the same period of 2009) and the medium hire for teu has been pairs to 1.485 dollars (+30.7%). In the last trimester last year the cost of the fuel has turned out dearer of 26% regarding the period October-December of 2009.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The shipowning society Israeli Zim is returned to the results pre-crisis closing the exercise 2010 with a profit clearly of 54 million dollars on revenues for 3.717 million dollars respect to a net loss of 429 million dollars on revenues for 2.449 million dollars in the exercise anniversary precedence. The EBITDA has been positive for 403 million dollars respect to a value negative for 518 million dollars in 2009.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
