Still a quarter of record financial results for the Israeli ZIM

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After a third quarter budget of 2020 that, with the exception of revenues, had recorded new historical peaks of the values of the main items of the economic account, in the following quarterly periods the Israeli shipping company ZIM has broken quarter after quarter the records set in the immediately preceding period. An exceptional positive trend that did not break even in the fourth quarter of 2021 in which new all-time highs were marked. Unlike the other primary global containerized maritime carriers, since the fourth quarter of 2020, ZIM also achieved new records of the volumes of cargo in containers carried by its own fleet that in each quarter have achieved new historical peaks relatively to the period following the typical seasonality of containerized cargo flows : in 2021 the quarterly historical record was totaled in the April-June period that it overcame in succession the volumes transported in the third, fourth and first quarter of the year.

In the fourth quarter of 2021, the revenues of the Israeli company amounted to 3.47 billion, an increase of +154,7% over the same period of the previous year, of which 3.11 billion generated by the shipping business containerized (+ 156.8%), including 1.64 billion dollars produced by airline services operated by the company in the Pacific (+ 146.2%), 575.2 million from intra-Asian services (+ 184.0%), 401.7 million from Asia-Europe services (+ 231.0%), 312.6 million by trans-Atlantic services (+ 110.1%) and 182.0 million from services with America Latin (+ 149.9%). The extraordinary increase in business volume is the result of the strong rise in maritime nols, with an average nolo for container teu transported in the last quarter of last year that was found to be 3,630 (+ 139.1%). More contained the increase in operating costs that stood at 1.03 billion (+ 29.3%). The gross operating margin was 2.36 billion (+ 343.7%), operating profit of 2.12 billion (+ 381.6%), and net profit of 1.71 billion (+ 366.3%).

In the last quarter of last year, the ships of the ZIM transported cargo in containers equal to 858mila teu (+ 7.4%), of which 303mila teu on the transpacific routes (-5.6%), 251mila teu on those intra-Asian (+ 36.4%), 163mila teu on routes trans-Atlantic (+ 6.5%), 84mila teu on the Asia-Europe routes (-6.7%) and 57mila teu on those with Latin America (+ 14.0%).

In the whole of 2021 the ZIM fleet carried record containerized volumes of 3.48 million teu (+ 22.5% on 2020), of which 1.38 million on the transpacifying routes (+ 22.2%), 939mila teu on the intra-Asian routes (+ 54.7%), 619mila teu on the transatlantic ones (+ 4.4%), 345mila teu on the Asia-Europe routes (+ 0.6%) and 202mila teu on those with Latin America (+ 17.4%). In the second half of last year, ZIM inaugurated 17 new maritime services that contributed to the growth of the volumes transported. Last year the average freight container freight was 2,786 dollari/teu (+ 126.7%).

In the year 2021, which is also a record exercise for financial performance, the company's revenues were 10.73 billion (+ 168.8%), of which 9.70 billion was generated by containerized shipping business. (+ 177.7%), including 5.28 billion prodottisi in the Pacific market (+ 183.7%). 1.71 billion in the intra-Asian (+ 278.4%), 1.25 billion in the Asia-Europe market (+ 219.4%), 960.7 million in the transatlantic market (+ 66.4%) and 490.3 million in the Latin American market (+ 135.2%). The budget of the year 2021 shows an EBITDA of 6.60 billion (+ 536.6%), an operating profit of 5.82 billion (+ 705.5%) and a net profit of 4.65 billion (+ 786.9%).

From January 2021 to March 2022 the capacity of the fleet of container ships operated by the ZIM is growth of approximately 20%, with 125 naval units currently operated by the carrier, while the consistency of the container fleet of the company has increased about 35%. In addition, the order book of new ships of the ZIM has risen to 36 container ships that will be taken in delivery between 2023 and 2024.