Independent journal on economy and transport policy
12:24 GMT+1
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In the first three months of 2022, ZIM again broke the financial records set in the previous quarter
New maximum also in the volume of containerized cargo transported in the first part of the year
May 18, 2022
In the first three months of this year the containerized carrier Israeli totaled revenues of $3.72 billion, with a growth of +113.1% on the same period of 2021 which is much more pronounced than the increase in operating costs amounted to 1.12 billion (+27.0%). The significant increase in turnover was generated by the continuation of the exceptional upward trend of freight, transport tariffs whose average value in the first quarter of 2022 was of 3,848 dollars/teu (+99.9%). Of the 3.72 billion in revenue forfeited in the first quarter, 3.30 billion (+110.0%) have been produced directly from maritime transport activities containerized operated by the Near East company, of which €1.72 billion from transpacific maritime services (+112.4%), 597.0 million from intra-Asian services (+91.3%), 472.7 million from Asia-Europe shipping lines (+133.4%), 329.8 million from transatlantic services (+106.7%) and $179.7 million from services with Latin America (+105.5%).
In addition, the latest quarterly income statement of the ZIM records an EBITDA of 2.53 billion dollars (+208.7%), a operating profit of 2.24 billion (+228.1%) and a net profit of 1.71 billion dollars (+190.2%).
In the first three months of this year the company's fleet has transported goods in containers for a total of 859 thousand teu, with an increase of +5.0% which - underlined the ZIM - results decidedly higher than that of the market, of which 285 thousand teu on the ships used on transpacific routes (-13.1%), 269 thousand teu on intra-Asian routes (+29.3%), 155 thousand teu embarked on container ships used in transatlantic services (+1.3%), 94 thousand teu on the Asia-Europe routes (+11.9%) and 56 thousand teu on those with the South America (+24.4%).
ZIM plans to close the full year 2022 with an EBITDA Adjusted between $7.8 billion and $8.2 billion versus $6.60 billion billions of dollars in the 2021 annual financial year and with a value of Adjusted EBIT between 6.3 billion and 6.7 billion dollars compared to 5.82 billion in 2021.
Currently the Israeli company operates a fleet consisting of 137 container ships. Unlike other leading maritime carriers worldwide containerized, ZIM is carrying out a strategy to increase the capacity of its fleet based on the chartering instead of acquiring ships. Especially the company has already agreed to rent an additional 46 new container carriers, including 28 powered by natural gas liquefied, of which 18 of the capacity of 7,000 teu, ten from 15,000 teu, eight of 5,300 teu, six of the capacity of 5,500 teu and four from 12,000 teu. In this regard, the President and CEO of ZIM, Eli Glickman, recalled that in the first three months of this year alone, the company announced that have signed agreements for the chartering of 17 new ships construction. "It is important to highlight - he specified - that we will maintain the necessary flexibility to adapt the consistency of our fleet based on the conditions of market and that, among the global liners, we will be at the forefront of the reduce carbon intensity'.
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