Independent journal on economy and transport policy
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SHIPPING
Significant growth in the annual financial results of the ZIM but also in the containers transported by the fleet
In 2024, more than 3.7 million TEUs (+14.3%) were loaded on the ships of the Israeli company
Haifa
March 12, 2025
Like the other major shipping companies
containerized worldwide, in 2024 the Israeli ZIM recorded
a clear recovery in economic performance and, compared to the
other major maritime carriers in the market, also an accentuated
growth in the volumes of containerized goods carried by the fleet.
Last year, the Israeli carrier's revenues amounted to 8.42
billion, with an increase of +63.3% on the year
annual 2023. Ebitda was 3.67
billion compared to a negative EBITDA of -1.04 billion in
2023. In 2024 also the operating result and the economic result
returned to positive territory, having been equal to
$2.53 billion and $2.15 billion against sign results
negative for -2.51 billion and -2.69 billion in the year
previous.
Last year, ZIM's container fleet
transported cargoes of 3.75 million TEUs (+14.3%), activities
which generated revenues of $7.08 billion, up
+79.4% mainly due to the +56.9% increase in value
average sea freight rates which was equal to 1,888
dollars/teu. There are three maritime markets in which the company
achieved the best operational results since
that of the transpacific routes on which 1.60
million TEUs (+27.3%), activities that generated revenues of
to $3.92 billion (+120.3%) and which recorded a value
average sea freight rates of 2,444 dollars/TEU (+73.1%). Still
the growth in cargo volumes was more marked
transported on routes with Latin America that
amounted to 514 thousand TEUs (+77.2%), an increase in goods that
produced a significant increase of +99.0% in total revenues in this
of $845.8 million, compared to an increase in
lower than the +12.3% of the average value of freight rates, which is
state of $1,646/TEU. Volumes of
cargoes carried on the Atlantic routes with Europe, amounting to
555 thousand TEUs (+29.4%), to which the services of
line previously transiting through the Suez Canal due to
of the Red Sea crisis, a market segment in which revenues are
amounted to $687.8 million, an increase of +8.1% on the previous year.
2023 held back by the -16.4% drop in the value of freight rates
on average at $1,240/TEU. On the other hand, the
containers transported on the routes through Suez and
332 thousand TEUs (-14.0%) against a marked increase in the relative
revenues and average freight value, respectively
$864.5 million (+76.0%) and $2,607/teu (+104.8%). In
Containers transported by intra-Asian services also decreased, equal to
to 764 thousand TEUs (-18.6%), a market in which revenues amounted to
762.9 million dollars (+23.7%) and the average value of freight rates at
$1,022/TEU (+51.9%).
In the fourth quarter of 2024 alone, ZIM's total revenues
amounted to $2.17 billion, up +79.8%
on the corresponding period of the previous year. EBITDA is
was 967 million (+419.9%). Operating profit and net profit are
amounted to 657.6 million and 562.7 million compared to the results of
negative sign of -53.6 million and -146.6 million in the period
October-December 2023.
In the last quarter of last year, the company's ships
transported a total of 982 thousand TEUs (+25.1%) and in the
Period, the average freight rate was $1,886/TEU
(+71,1%). On the transpacific routes, 412 thousand were transported
TEUs (+29.2%), 87 thousand TEUs on routes through the Suez Canal
(+61.1%), on the Atlantic ones with Europe 139 thousand TEUs (+19.8%),
on intra-Asian routes 203 thousand TEUs (-1.5%) and on those with
Latin America 142 thousand TEUs (+56.0%).
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