In first trimester ZIM it has reduced the losses thanks to the rise of the hires



In the first trimester of 2019, for the first time after 14 consecutive quarterly periods of increase, the transported containerized cargo volumes from the fleet of ships of the company of Israeli navigation ZIM are diminished of the -4,3% being are pairs to 668 thousand teu regarding 698 thousand teu in the first three months last year. The bending but has not caused to a decrease of the volume of transactions of the society graces mainly to the rise of the hires, with a medium revenue for transported container teu in the first trimester of this year that has turned out pairs to 1.019 dollars, with an increase of +8.6% regarding 938 dollars/teu in the correspondent period of 2018.

In the first trimester of the 2019 revenues of the company they have been attested to 796,2 million dollars (+6.0%). The costs have recorded an light rise of +0.7% having had totaled 703,0 million dollars, increase generated mainly from the increases of 22,1 million dollars (+6.8%) of the expenses for handling of cargos and of 20,1 million dollars of the expenses of chartering of ships and container that partially are compensated by the decreases of 19,9 million (- 16.2%) of the expenses for the fuel and of 16,3 million (- 23.8%) of the harbour expenses. The value of the EBITDA is tripled being gone up from 22,6 million dollars in the first three months of 2018 to 68,0 million dollars. The operating profit is piled to 18,6 million dollars respect to an operating result of sign negative and pairs to -5,2 million dollars in the first trimester last year. ZIM has closed the first three months of the 2019 with a net loss of -24,3 million dollars respect to a net loss of -34,1 million dollars in the same period of 2018.

Commenting the economic results achieved from the company in the first trimester of this year the president and managing director of the ZIM, Eli Glickman, it has remembered that last September the cooperation activated with the shipowning alliance has become operating 2M, constituted from Maersk and MSC, the first two world-wide carriers of the containerized marine transport(on 19 July 2018), and that at the beginning of the 2019 cooperation Oriental is extended to the routes between Asia and the Mediterranean and Asia and America northwest atlantic(on 10 January 2019). "One attends to us - it has emphasized Glickman - than this collaboration meanwhile creates ulterior efficiencies in terms of costs, allowing meaningfully to improve the level of service to our customers".