Independent journal on economy and transport policy
04:48 GMT+1
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Zim has archived item second trimester 2016 with a net loss of -74,2 million dollars
contraction (- 19.8%) of the revenues. The transported containerized volumes from the fleet have grown of +6.9%
October 3, 2016
Determined
In the third trimester of the 2016 shipowning society Zim has recorded a net loss of -74,2 million dollars respect to a profit clearly of 12,1 million dollars in the period April-june last year. The revenues are piled to 611,9 million dollars, in decrease of the -19,8%, and the operating result has been of sign negative for -47,8 million dollars respect to an operating profit of 41,6 million dollars in according to trimester of 2015.
In according to trimester of this year fleet of portacontainer of the Israeli society has transported cargo volumes pairs to approximately 617 thousand teu, with an increment of +6.9% on the correspondent period last year. The medium revenue for teu has turned out pairs to 866 dollars approximately, with a bending of the -24,7% regarding 1.150 dollars/teu in the period April-june of 2015.
In the first semester of the 2016 fleet of the company has transported containerized volumes pairs to 1,19 million teu, with an increment of +5.0% regarding 1,14 million teu in the first half last year. The medium hire for container teu has turned out single pairs to 903 dollars, with a contraction of the -24,8% regarding 1.200 dollars in the first six months of 2015.
the reduction of the value of the hires has involved in the first semester of this year a decrease of the -20,1% of the revenues that have been attested to 1,24 billion dollars regarding 1,55 billion dollars in the first six months of 2015. The semiannual operating result has been of sign negative and pairs to -70,9 million dollars respect to an operating result of positive sign and pairs to 81,4 million dollars in the first semester last year. Zim has closed the first semester of the 2016 with a net loss of -130,4 million dollars respect to a profit clearly of 23,8 million dollars in the first half of 2015.
Zim has announced to have reached an agreement with the creditors for a remodeling of the payment of total 115 million dollars approximately in the course of a period of 12 months with beginning from 30th September, agreement - it has specified the navigation company - with which Zim it guarantees own stability financial institution and it continues in own program of increase.
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In the third trimester of the 2016 shipowning society Zim has recorded a net loss of -74,2 million dollars respect to a profit clearly of 12,1 million dollars in the period April-june last year. The revenues are piled to 611,9 million dollars, in decrease of the -19,8%, and the operating result has been of sign negative for -47,8 million dollars respect to an operating profit of 41,6 million dollars in according to trimester of 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
