ZIM is the first containerized shipping carrier to record a possible reversal of the market trend

In the second quarter of this year, ZIM's revenues totaled 3.43 billion dollars, a value that represents a growth of +43.9% on the corresponding quarter of 2021, is the highest ever for this time of year and the third historical result of the company behind the record marked in the first quarter of 2022 and the revenues of the last quarter of last year. The only revenue generated by the activity of containerized maritime transport stood at 3.08 billion dollars (+42.7%), of which 1.57 billion produced by transpacific scheduled services (+32.9%), 546.4 million from services intra-Asian (+52.5%), 441.9 million from Asia-Europe services (+53.9%), 331.8 million from transatlantic services (+43.1%) and 186.8 millions from services with Latin America (+92.7%).

In the second quarter of 2022, operating costs marked a growth of +27.6% rising to 1.26 billion dollars. The EBITDA amounted to €2.10 billion (+57.6%), operating profit at 1.76 billion (+52.5%) and net profit to 1.33 billion dollars (+50.4%).

In the April-June quarter of this year the container ships of the Israeli company transported equal cargo volumes to 856 thousand teu, with a reduction of 56 thousand teu compared to the corresponding period of 2021, the first decline after seven consecutive quarters of growth. The contraction was caused by the significant drop in volumes transported on routes transpacific and transatlantic routes that are piled up respectively to 291 thousand teu (-24.2%) and 125 thousand teu (-21.4%). On the other hand, the increase in volumes transported on routes has been accentuated Asia-Europe (105 thousand teu, +18.0%), on the intra-Asian ones (274 thousand teu, +15.6%) and on routes with Latin America (61 thousand teu, +17.3%).

Confirming that in recent weeks the company has assisted a gradual reduction in freight rates, including those for traffic transpacific despite continued port congestion and the continuation of the sustained demand, the chairman and director ZIM delegate, Eli Glickman, recalled that the strategy of the company is focused on the identification of growth opportunities and size adjustment of the fleet, currently consisting of 149 ships, according to the changing market conditions. "A very good example of this - he explained - it was the growth of our activities of transport of cars, with the passage from a ship operated two years ago ten car carriers operated today. We believe - he specified - that this approach will continue to give us satisfaction given whereas the market is expected to normalise with respect to the maximum levels'.