Independent journal on economy and transport policy
12:52 GMT+1
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In the third trimester of this year the fleet of portacontainer of the Zim has transported 557 thousand container (- 13%)
In the period, excluding the effect of the burdens of restructure of the debit, is recorded an improvement of the economic results
November 20, 2014
In the third trimester of this year the fleet of portacontainer of the shipowning company Israeli Zim has transported cargo volumes pairs altogether to 557 thousand container teu, with a decrease of the -13% regarding 640 thousand teu in the period July-september of 2013. The company has specified that great part of the bending is attributable to the cessation of the services carried out between Asia and the Europe North put into effect in according to trimester of 2013 in the within of the plan of restructure of the indebtedness of the company that is completed with happen to half last July ( on 17 July 2014).
In the third trimester of the 2014 such activity of marine transport it has generated revenues for 854 million dollars, with a decrease of the -5% regarding 900 million dollars in the same period last year, contraction also determined it from the cancellation of the routes Asia - North Europe. Zim has announced that the medium hire for teu has been of 1.281 dollars, with an increase of 79 dollars regarding the third trimester of 2013.
The Israeli company has archived item the third trimester of this year with an EBITDA negative for -97 million dollars and a net loss of -63 million dollars respect to an EBITDA positive for 56 million dollars and a net loss of -42 million dollars in the correspondent period of 2013. With the exclusion of the effect of the burdens of restructure of the debit, Zim has closed the period July-september of 2014 with an EBITDA of 18 million dollars, an increment of 30 million regarding third trimester 2013, and with a net loss of -20 million dollars, an increase of 56 million dollars on the third trimester last year.
Zim has emphasized that the not-GAAP results of the third trimester of this year, than do not include the effects of the restructure of the debit, show an improvement of the operating profit and cash flow and a decrease of the net loss. The company has confirmed to have centralized the efforts on the execution of own industrial plan that is focused on the profitable marine routes that allow with the company to offer an added value to own customers.
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In the third trimester of this year the fleet of portacontainer of the shipowning company Israeli Zim has transported cargo volumes pairs altogether to 557 thousand container teu, with a decrease of the -13% regarding 640 thousand teu in the period July-september of 2013. The company has specified that great part of the bending is attributable to the cessation of the services carried out between Asia and the Europe North put into effect in according to trimester of 2013 in the within of the plan of restructure of the indebtedness of the company that is completed with happen to half last July 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
