ZIM Continues to Outperform
​ZIM Integrated Shipping Services Ltd (ZIM)continues to outperform the industry and achieve improved results, claims the company. The shipping liner industry went through major developments and structural changes which include reshaping of the alliances and M&A activities that took place over the last quarters. "Since Q3 2016 we have been witnessing a positive trend in the industry with improved freight rates in most trades, however, market conditions on the whole, remained challenging and volatile," said a statement form the company. In the face of this tough business environment, ​ZIM continues to outperform the industry and achieve improved results.
ZIM Achieves Improved Results in Q1
In the face of tough business environment, ZIM Integrated Shipping Services (ZIM) continues to outperform the industry and achieve improved results, claims a statement from the company. ZIM's operating cash flow for Q1 2017 was $33.8 million, compared to negative $14.6 million in Q1 2016. ZIM’s Q1 results reflect the constant improvement in the company’s performance, as a result of the comprehensive transformation the company has implemented in recent years. The company’s performance has been improving since the middle of 2015 and the adjusted EBIT of Q1 2017was the highest since then. Rafi Danieli, ZIM’s President & CEO, said: “With the new alliances’ structure in place…
ZIM in the Red
Despite continued distressed market conditions ZIM announced today improved results for Q3 2016 on most parameters compared to Q2 2016. Despite continued distressed market conditions ZIM published today improved results for Q3 2016, posting a loss of USD 37.6M, compared to a loss of USD 74.2M in Q2 2016. The company’s EBIT margins are in the industry’s top 5. • ZIM recorded an improvement in most of the parameters compared to Q2 2016 results. • ZIM continues to outperform the industry average in Adjusted EBIT margins for Q3 2016, positioning ZIM among the industry’s top5. During Q3 2016, ZIM carried 622,000 TEUs, compared to 581,000 TEUs in the same period of 2015, a 7.1% increase.
OOCL Tops the Chart in Reliability
According to the latest Carrier Performance Insight, produced by Drewry Supply Chain Advisors, the most reliable carrier in May was Orient Overseas Container Line (OOCL), which had an on-time reliability average of 81.1%, closely followed by niche carrier Wan Hai at 81.01%. Taiwanese container line Evergreen ranked third with a score of 80.3%. The report shows that ocean carriers achieved a six-month high for liner service reliability in May. The on-time average of 76.0 per cent for the 10 trades covered was a 4.1 point improvement on April, representing the third straight month-on-month rise, the American Journal of Transportation reported.
TS Lines Orders Two Box Ships from CSBC
T.S. Lines has placed an order with Taiwan's CSBC Corp for two containerships with capacities of 1,800 TEUs, with an option for an additional two similar units. The price the Taiwanese carrier paid for the new vessels, which are set for delivery in the second half of 2017, has not been made public. State-owned CSBC’s latest contract with TS Lines follows closely on an order from Evergreen Marine for the construction of five feeder container vessels at a price of $185 million to $195 million in total. Evergreen announced on July 6 that the company has decided to order 10 2,800 TEU containerships at CSBC and Japan's Imabari Shipbuilding. The carrier will order five box ships at CSBC at the price of $36-39 million each, with total expense expected to be around $180-195 million.
Drewry Maritime Research: Reefer Charter Rates Thaw
Reefer market dynamics continue to change. Drewry Maritime Research have just published their latest Reefer Shipping Market Annual Review and Forecast 2011/12, analysing the industries make-up including; leading operators’ profiles and fleets, perishable commodities, specialised reefer and freezer fleet capacity, containerised reefer vessels, ship economics and forecasts for the future. As the burgeoning containerised reefer market continues unabated, the specialist reefer fleet is feeling the strain. With twelve-month charter rates forecasted to continue sliding, scrapping levels gaining pace and for the first time an empty newbuild orderbook , the industry is changing quickly.
