Independent journal on economy and transport policy
18:47 GMT+1
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In the first trimester of 2013 Israeli ZIM it has reduced the liabilities clearly
Revenues in increase of 6.1% and operating costs decreasing of 1.2%
May 30, 2013
In the first three months of the 2013 shipowning society Israeli ZIM Integrated Shipping Services has reduced the liabilities archiviando the period with a net loss of -111 million dollars respect to a net loss of -162 million dollars in the first trimester last year. The company has specified that, to clearly of the effects of the restructure of the debit, the net loss of first trimester 2013 has been pairs to -95 million dollars.
In the first trimester of this year the revenues are piled to 918 million dollars, with an increase of 6.1% on the first three months of 2012, while the operating costs are diminished of 1.2% attesting itself to 894 million dollars. In the first three months of this year the fleet of portacontainer of the ZIM has transported cargo volumes pairs to 602 thousand container teu, with a progression of 5.8% regarding 569 thousand teu in the same period of 2012. Such increment of the volumes has generated puts up revenues for about 68 million dollars. The decrease of the operating costs is determined mainly by the reduction of the number of ships rental, that it has produced savings for about 19 million dollars, and by the decrease of the expenses for the fuel, that they are come down of about 14 million dollars, while the company has recorded an increase of the burdens for cargo handling pairs to about 17 million dollars.
The operating result of first trimester 2013 has been negative for -48 million dollars respect to operating liabilities of -116 million dollars in the period January-March of 2012.
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