Search results for: ZIM

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  • 18 July 2014
    Business & Finance

    Israel’s biggest cargo shipping company ZIM announced the completion of its comprehensive debt restructuring, following 18 months of intensive negotiations with all of the company’s creditors.   Israel Corporation’s investment of $200 million of new equity in return for 32% of the shares in ZIM has paved way for the restructuring’s conclusion. The investor will […]

  • 28 June 2017
    Business & Finance

    The 10,000 TEU containership Zim Antwerp owned by Israel’s shipping company ZIM passed on June 26 under the elevated Bayonne Bridge in New York, becoming the first vessel of such size to call Maher Terminals. The Bayonne Bridge, connecting New Jersey to New York, was raised to allow the arrival of larger ships following the expansion […]

  • 18 September 2017
    Business & Finance

    Israeli shipping company ZIM recently marked the milestone – the 3 millionth container was brought onboard a company’s vessel to DaChan Bay Modern Container Terminal in China.  The 4,253 TEU ZIM Sao Paolo arrived at the terminal as part of the ZIM Med-Pacific Service (ZMP). ”ZIM takes pride in achieving this milestone, a testimony to […]

  • 20 December 2016
    Business & Finance

    Israel’s shipping company Zim Integrated Shipping Services (ZIM) plans to enhance its services on Pacific and Atlantic routes, starting from April 2017.  The company intends to add a new service between Asia and the Pacific North West which will replace the current North Pacific services. In addition, ZIM said it will upgrade the ZCP service via […]

  • 22 March 2018
    Business & Finance

    Market conditions in the container shipping industry remain volatile despite the recent pick up in rates.

  • 9 April 2019

    ZIM is expanding its presence at the NWSA by joining the 2M Transpacific service.

  • 9 May 2013
    Business & Finance

      ZIM announced that ZIM Container Service Pacific (ZCP) is adding the port of Norfolk to its route, starting mid-June. The first vessel to call Norfolk will be ZIM Mediterranean voyage 47/W. The new rotation will be: Savannah – Norfolk – New York – Halifax – Kingston – Los Angeles – Oakland – Vostochny – […]

  • 5 January 2015
    Business & Finance

    Israel’s shipping company ZIM has been given an improved reliability ranking by the recent Global Liner Performance Report, published by SeaIntel Maritime Analysis, which analyzes the performance of the Top-20 Carriers. Accordingly, ZIM’s schedule reliability ranking has improved by 7 spots, placing the company among the most improved in the industry, in terms of ranking. […]

  • 21 December 2016
    Business & Finance

    Israel’s shipping company Zim Integrated Shipping Services (ZIM) will operate as an independent carrier on the Transpacific route, eschewing the vessel sharing arrangement that it currently has with the G6 partners, according to Alphaliner. To be implemented concurrently to the alliance reshuffle in April, the East – West program which ZIM announced for 2017 will feature a […]

  • 23 January 2017
    Business & Finance

    Israel’s shipping company Zim Integrated Shipping Services (ZIM) has launched a new service linking Asia and the Pacific Northwest and presented a revised coverage on the Transpacific route, scheduled to start in April 2017. The ZIM North Pacific (ZNP) service will connect major ports in South East Asia and China to the Vancouver gateway, according […]

  • 15 July 2014
    Business & Finance

    The biggest cargo shipping company in Israel ZIM and the state of Israel have reached an agreement regarding the terms of the Golden Share, allowing ZIM to execute the restructuring agreement.   ZIM said that it was preparing to complete the restructuring agreement according to the planned schedule. ZIM President & CEO Rafi Danieli said: […]

  • 21 November 2017
    Business & Finance

    Israeli shipping company Zim Integrated Shipping Services (ZIM) has wrapped up the first pilot of paperless Bills-of-Lading based on blockchain technology. During the trial, conducted in cooperation with Sparx Logistics and Wave Ltd., the participants issued, transferred and received original electronic documents using the Wave Application. The pioneering pilot, first of its kind led by an ocean carrier, saw the […]

  • 30 August 2017
    Business & Finance

    Driven by a positive trend in the container shipping industry, Israel’s shipping company Zim Integrated Shipping Services (ZIM) saw steady improvement in its quarterly performance. The company’s delivered a net profit of USD 2.3 million in the second quarter of 2017, compared to a net loss of USD 74.1 million reported in the same quarter of 2016. For the […]

  • 22 March 2019
    Business & Finance

    ZIM plunged into red during 2018 due to a impairment loss of USD 38 million on vessels held for sale.

  • 8 January 2016
    Business & Finance

    Israel’s cargo shipping company ZIM Integrated Shipping Services Ltd. announced today that its Chief Executive Officer, Rafi Danieli, told the company’s Board of Directors that he wishes to resign from his role as CEO. ZIM said that Danieli will continue to serve as CEO until a new CEO is appointed in order to help ensure a […]

  • 2 February 2016
    Business & Finance

    Israel’s shipping firm ZIM Integrated Shipping Services has launched an extensive program aimed at changing its organizational structure. The change is based on the company’s business plan to focus on profitable trade areas with the aim of building a lean and agile enterprise. ZIM said that the essence of the change is to strengthen the three major […]

  • 13 October 2016
    Business & Finance

    Israel’s shipping company Zim Integrated Shipping Services (ZIM) plans to launch an additional service on its Asia-Pacific North West trade route, China Express Northwest Service (CEN), starting from October 25, 2016.  The new service has the following rotation: Xingang, Qingdao, Shanghai (China), Prince Rupert (Canada), Xingang. According to the company, the CEN service will join […]

  • 23 February 2017
    Business & Finance

    Israeli container carrier Zim Integrated Shipping Services (ZIM) is to add the second Asia – Pacific North West service in April 2017 if the company gets an all-clear from the US Federal Maritime Commission (FMC). The new service will be named Zim Pacific North (ZPN) and will have the following rotation: Hong Kong – Yantian […]

  • 28 February 2017
    Business & Finance

    Israeli shipping company Zim Integrated Shipping Services (ZIM) plans to add two services to Asia-Pacific North West (PNW) and Med/Black Sea routes, starting from April 2017. The first service, ZIM Med Pacific (ZMP), will serve both the Asia-PNW and the Asia-East Med/Black Sea trades. The company intends to deploy fifteen 4,500 TEU vessels in the ZMP […]

  • 4 August 2006

    Zim Integrated Shipping Services Ltd. has agreed to increase traffic to the Haifa port despite ongoing missile strikes by the Hizbullah in the area. As activity at the Haifa port has been reopened, the Manufacturers’ Association of Israel has called upon Zim, which is controlled by the Israel Corporation, to increase shipping capacity to Israeli […]

  • 1 December 2016
    Business & Finance

    Israel’s shipping company ZIM Integrated Shipping Services posted a net loss of USD 37.6 million in the third quarter of 2016, compared to a profit of USD 11.1 million seen in the same period last year, due to the continued deterioration in the container shipping market. ZIM’s gross profit for the quarter amounted to USD 13.7 […]

  • 1 October 2014
    Business & Finance

    Israeli-owned containership Zim Shanghai has unloaded its cargo at the Port of Long Beach in Los Angeles, having been reverted from the Port of Oakland by pro-Palestinian protesters. The unloaded Oakland cargo in Los Angeles will most likely be trucked back up to Oakland causing additional costs to ZIM. The vessel departed Oakland on Sunday evening fully […]