Ulterior improvement of the economic results of the ZIM in according to trimester



Thanks to the increase of the rates applied for the transport of the container on the ships from own fleet, with a medium hire who in first and in according to trimester of this year has turned out pairs to 1.109 and 993 dollars/teu with increments respective of +8.6% and +9.5% on the correspondents periods of 2018, the company of Israeli navigation ZIM has recorded increases of the revenues in spite of the reduction of the total transported containerized cargo volumes from own portacontainer, that they are piled respective to 668 thousand teu (- 4.3%) and 731 thousand teu (- 5.3%) in first and in according to trimester of2019.

In the second solo trimester of this year the revenues have totaled 834 million dollars, with a rise of +3.9% on the same period of the 2018 that is determined mainly by an increment of 24,7 million dollars of the revenues generated from the activity of containerized marine transport to which an increase of 9,3 million dollars of the revenues produced from other asset has joined. If in the first trimester of the 2019 operating costs they had recorded an light progression of +0.7%, in the quarter next the company has achieved a contraction of the -5,1% of the expenses that are come down to 719 million dollars.

In according to trimester of the 2019 ZIM it has marked an operating profit of 44,2 million dollars, respect to an operating result of sign negative for -12,5 million dollars in the correspondent period last year, and a profit clearly of 5,1 million dollars respect to a net loss of -33,2 million dollars in the period April-june of 2018.

In entire the first semester of this year the revenues of the company have been pairs to 1,63 billion dollars, with an increment of +4.9% on the first mainly generated half of 2018 from an increase of 50,4 million the volume of transactions produced from the activity of the fleet of portacontenitori and from an increase of 17,3 million the revenues generated from other asset. The operating costs have turned out pairs to 1,42 billion dollars (- 2.3%). ZIM has closed the first six months of 2019 with an operating profit of 62,8 million dollars, respect to a sign result negative and pairs to -17,7 million dollars in the first semester last year, and with a net loss of -19,2 million dollars respect to a net loss of -67,3 million dollars in the first half of 2018.

In the first semester of the 2019 fleet of the company it has transported containerized volumes pairs almost 1,4 million teu, with a decrease of the -4,9% on the same period last year.

"The results of the relative ZIM to the first six months of 2019 - it has commented the president and managing director of the company, Eli Glickman - are encouraging. Now we can in the long term find with evidence the benefits of our strategy, in particular of the operating cooperation with the alliance 2M that recently one has expanded to a broken fourth of traffic". ZIM, in fact, has tightened operating agreements with Maersk Line and Mediterranean Shipping Company (MSC), the first two companies of navigation of the world-wide market of the containerized transport marine that have constituted the alliance 2M, extending at the beginning of this year the understanding to the traffics between Asia and West Coast the USA and between Asia and the East Med(on July 19, 2018 and 10 January 2019). "Besides the positive results obtained in the quarter - it has added Glickman - ZIM it has recorded a meaningful improvement of all the parameters and continues to being a top performer in the field of the shipping in terms of rectified operating margin".