• 2017 November 24 12:30

    ZIM posts Q3 2017 results

    ZIM continues to outperform the industry and achieve encouraging results, the company said in its press release.
     
    ZIM reported an adjusted EBITDA of $89.2M in Q3 2017 compared to $10.5M in Q3 2016, with an adjusted EBITDA margin of 10.9%.

    The carried quantities increased by 10.6% to 688 thousand TEUs in Q3 2017, compared to 622 thousand TEUs in Q3 2016.
     
    Financial and Operating Highlights for the Three Months Ended September 30, 2017
     
    Adjusted net profit was $36.2 million, compared to adjusted net loss of $40.4 million in Q3 2016 Operating cash flow was $46.4 million, compared to $12.7 million in Q3 2016

    Total revenues were $816.7 million, compared to $643.9 million in Q3 2016, a 26.8% increase

    Net profit was $25.2 million, compared to net loss of $37.6 million in Q3 2016Adjusted EBITDA was $89.2 million compared to $10.5 million in Q3 2016

    EBITDA was $83.6 million compared to $17.7 million in Q3 2016

    Adjusted EBIT was $61.8 million, compared to negative $14.4 million in Q3 2016

    EBIT was $53.8 million, compared to negative $7.2 million in Q3 2016

    ZIM carried 688 thousand TEUs, compared to 622 thousand TEUs in Q3 2016, a 10.6% increase

    The average freight rate per TEU was $1,058, compared to $887 in Q3 2016, a 19.2 % increase

    Financial and Operating Highlights for the Nine Months Ended September 30, 2017
     
    Adjusted net profit was $51.3 million, compared to adjusted net loss of $151.3 million in the comparable period of 2016.

    Net Profit was $21.1 million, compared to net loss of $168.1 million in the comparable period of 2016

    Total revenues were $2,217.4 million, compared to $1,885.8 million in the comparable period of 2016, a 17.6% increase.

    Operating cash flow was $169.2 million, compared to $15.7 million in the comparable period of 2016.

    Adjusted EBITDA was $216.7 million compared to $2.8 million in the comparable period of 2016.

    EBITDA was $197.7 million, compared to negative $2.9 million in the comparable period of 2016.

    Adjusted EBIT was $136.2 million compared to negative $71.3 million in the comparable period of 2016.

    EBIT was $114.8 million, compared to negative $78.1 million in the comparable period of 2016.

    ZIM carried 1,945 thousand TEUs, compared to 1,816 thousand TEUs in the comparable period of 2016, a 7.1% increase.

    The average freight rate per TEU was $1,008, compared to $898 in the comparable period of 2016, a 12.2% increase.




2017 December 18

11:23 Sirius Shipping took over the management for the vessel M/T Donia
10:59 The Szczecin and Świnoujście Seaports Authority expanded its land by nearly 10 ha in the port of Świnoujście
10:30 Brent Crude futures price up 0.24% to $63.38, Light Sweet Crude – up 0.16% to $57.42
10:04 Russian Navy oceanographic ship Yantar pays business visit to Buenos Aires
09:42 Admiral Vladimirsky, research ship of RF Navy’s Baltic Fleet, lays it course to Indian Ocean
09:20 Baltic Dry Index down to 1,619 points
09:08 Egypt officially starts operations of the Mediterranean’s largest gas field
08:11 DNV GL introduces first classification guideline for 3D printing

2017 December 17

08:08 APL enhances India Pakistan-Mediterranean Express Service with new port calls
07:06 Data on the LNG terminal in Świnoujście published on the ALSI platform
07:04 HELCOM and BONUS tighten collaboration for the good of environmental protection action in the Baltic Sea
06:57 Viking Sun sets sail on first world cruise from Miami to London

2017 December 16

07:46 CMA CGM announces GRR from Asia to West Africa
06:51 Hapag-Lloyd announces new rates from Far East Westbound East Asia (including Japan) to Europe N.C. and Mediterranean
06:49 Hutchison Ports ECT Rotterdam to launch a pilot project with ‘fixed windows’ for inland vessels with large call sizes
06:45 Miriam Maes to succeed Rutger van Slobbe as Chair of the Port of Rotterdam Authority Advisory Board
06:37 DNV GL launches first class guideline for additive manufacturing

2017 December 15

23:12 Russia and USA filed first ever joint note to IMO on shipping in Bering Strait and Bering Sea
18:20 Onezhsky Shipyard launched self-propelled hopper Silnaya (photo)
18:06 DOF sells the vessel Skandi Marstein
17:06 The Port of Gdansk to expand the Oliwskie Quay
16:50 Russia’s State Duma approves ensuring the priority of ships flying RF flag in the segment of short-sea shipping
16:21 CMA CGM announces GRR from Asia to West Africa
15:34 Construction at NIBULON’s transshipment terminal in Mykolaiv is in full swing
14:45 Klaipėdos Nafta and Eesti Gaas begin cooperation in small-scale LNG distribution business
14:18 Arctic Economic Council welcomes Korea Shipowners’ Association as first sub-Arctic member
13:51 Baltic Workboats delivered 24m combat pollution and diving support vessel to Port of Klaipeda
13:29 WMU Executive Board 21st Session meets in London
12:56 Marine Recruiting Agency launches training project for Rosterminalugol
12:33 Skangas to source LNG at import terminal on Isle of Grain, UK
12:10 Ningbo Zhoushan Port volumes up 9.6% to 933 million tons in Jan - Nov 2017
11:58 Azerbaijan Caspian Shipping Company holds training with participation of crane ships crew
11:32 Africa maritime cooperation centre launched
11:09 Throughput of port Helsinki (Finland) up 14% to 13.1 mln t in 11M’17
10:44 Brent Crude futures price up 0.11% to $63.38, Light Sweet Crude – up 0.39% to $57.26
10:30 Rolls-Royce delivers first mobile MTU gas engines for Rederij Doeksen
10:11 Port of Klaipeda (Lithuania) handled 39.21 mln t of cargo in 11M’17, up 6.5% Y-o-Y
09:57 IAA PortNews offers video of virtual round-table meeting “Best practices of coal transshipment in Russian ports”
09:32 Baltic Dry Index down to 1,668 points
09:16 GTT signs new Global Services Agreement with Chevron Transport Corporation
08:25 Safe Bulkers announces acquisition of a Post-Panamax class dry-bulk vessel
07:05 Port of Los Angeles sets new record for highest monthly container volumes
06:04 CMA CGM announces new FAK rates from Asia to North Europe
05:04 The Foundation Det Norske Veritas assumes full ownership of DNV GL
04:43 Damen Shiprepair & Conversion wins contract for first European conversion of a dredger to dual-fuel LNG / MGO

2017 December 14

18:03 Bunker prices still maintain the potential for growth
18:02 Pacific centre launches on low-carbon shipping mission
17:37 Gazprom and Shell to handle oversized equipment for Baltic LNG at Commercial Sea Port of Ust-Luga (photo)
17:29 Key decisions from MEPC 71 related to implementing BWM Convention outlined at BWMTech London Conference
17:05 Ulstein and TTS shortlisted for OSJ Innovation Award
16:35 HHI Group receives support of LR in building an LNG-fuelled future
16:05 Aker Solutions secures subsea services agreement with Statoil
15:50 Commercial Sea Port of Kandalaksha handled 1.46 mln t of cargo in 11M’17, up 3 times Y-o-Y
15:36 Special issue of PortNews magazine published for Transport Week is available online
15:25 United Nations experts endorse RF initiative
15:07 BASF extend their fleet with another Konecranes barge handler
14:52 Infrastructure development will be one of priorities of Vladimir Putin’s new presidential term
14:45 CMA CGM launches new, innovative and complementary set of products
14:03 Wärtsilä and Mitsubishi Heavy Industries MME to collaborate in creating improved power and propulsion for ships
13:31 CLdN adds fourth weekly sailing between Gothenburg and Zeebrugge