• 2018 March 24 07:48

    ZIM announces 2017 results

    ZIM posted strong 2017 annual results. During 2016-2017, the container shipping industry went through a structural change as a result of the extensive activity of mergers and acquisitions that also led to reorganization of the global alliances, the company announces in its press release.
     
    In the face of this dynamic and challenging business environment, ZIM continues to outperform the industry and achieve improved results. ZIM’s 2017 results reflect the constant improvement in the company’s performance, as a result of the comprehensive transformation the company has implemented in recent periods.
     
    ZIM reported an adjusted EBITDA of $53 million in Q4 2017 compared to $44 million in Q4 2016, with an adjusted EBITDA margin of 7%.
     
    The carried quantities increased by 12% to 685 thousand TEUs in Q4 2017, compared to  613 thousand TEUs in the same period of 2016.
     
    Financial and Operating Highlights for the Year Ended December 31, 2017
     
        Adjusted net profit was $50 million, compared to adjusted net loss of $150 million in the comparable period of 2016
        Net Profit was $11 million, compared to net loss of $163 million in the comparable period of 2016
        Total revenues were $2,978 million, compared to $2,539 million in the comparable period of 2016, a 17% increase
        Operating cash flow was $231 million, compared to $33 million in the comparable period of 2016
        Adjusted EBITDA was $270 million compared to $47 million in the comparable period of 2016
        EBITDA was $246 million, compared to negative $50 million in the comparable period of 2016
        Adjusted EBIT was $162 million compared to negative $54 million in the comparable period of 2016
        EBIT was $135 million, compared to negative $52 million in the comparable period of 2016
        ZIM carried 2,629 thousand TEUs, compared to 2,429 thousand TEUs in the comparable period of 2016, an 8% increase
        The average freight rate per TEU was $995, compared to $902 in the comparable period of 2016, a 10% increase   
     
    Financial and Operating Highlights for the Three Months Ended December 31, 2017
         Adjusted net loss was $1 million, compared to adjusted net profit of $1 million in Q4 2016.
         Net loss was $10 million, compared to net profit of $5 million in Q4 2016
        Total revenues were $761 million, compared to $653 million in Q4 2016, a 17% increase
        Operating cash flow was $62 million, compared to $17 million in Q4 2016
        Adjusted EBITDA was $53 million compared to $44 million in Q4 2016
        EBITDA was $48 million compared to $53 million in Q4 2016
        Adjusted EBIT was $25 million, compared to $17 million in Q4 2016
        EBIT was $20 million, compared to $26 million in Q4 2016
        The average freight rate per TEU was $959, compared to $915 in Q4 2016, a 5% increasehe average freight rate per TEU was $959, compared to $915 in Q4 2016, a 5% increase




2019 August 23

18:36 Bridge parts transported for second Theemsweg route bridge
18:06 CMA CGM announces GRR from Asia to East and South Africa, Indian Ocean
17:55 Onezhsky Shipyard launches TSHD Yury Maslyukov
17:36 First CLEANBU wet-dry cargo switch with significant positive environmental impact
17:20 Atomflot and Baltiysky Zavod sign agreement on construction of fourth and fifth nuclear-powered icebreakers of Project 22220
17:05 CMA CGM announces FAK rates from Asia to the Middle East Gulf
16:45 MPI Resolution started blade repair campaign in offshore wind farm
16:35 PIL’s fleet attains Environmental Ship Index (ESI) certification
16:05 Botlek becomes Vopak's styrene hub
15:44 First-of-a-kind floating nuclear power unit Akademik Lomonosov leaves Murmansk for Pevek
15:23 CMA CGM will not use the Northern Sea Route
15:17 Vessel powered by ABB Azipod® propulsion reaches North Pole for the first time in history
15:13 NOVATEK’s Board recommends 1H 2019 dividend
14:47 PGNiG Group posts more than PLN 22.6bn in revenue for H1 2019
14:16 BC Ferries supports whale research at Galiano Island
13:52 Marsden Point, New Zealand tops BIMCO Terminal Vetting Report
13:29 Missile cruiser Marshal Ustinov entered Mediterranean Sea
13:08 Boskalis half year result 2019 tainted by offshore projects
12:34 Sevastopol Sea Port to be subsidized with RUB 54 million by municipal government
12:08 Bibby HydroMap commences second UXO survey for Vattenfall
11:40 Tests of unique replenishment system of Akademik Pashin tanker successfully completed
11:08 DP World Liège Container Terminal boosts eco-efficiency with Konecranes
10:55 Eesti Energia to use Klaipėda LNG terminal services
10:26 Hamburg, Germany to host 15th Arctic Shipping Summit on 4-5 December 2019
10:07 Bridge parts transported for second Theemsweg route bridge
09:53 Brent Crude futures price is up 0.1% to $55.98, Light Sweet Crude – up 0.01% to $55.35
09:34 Bunker market sees mixed price movements at the port of Saint-Petersburg, Russia (graph)
09:19 Baltic Dry Index is up to 2,118 points
09:07 Damen wins UX Design Award for Human Machine Interface for Tugs
08:35 MABUX: Bunker Market this morning August, 23
08:07 World’s largest all-electric ferry completes its maiden trip

2019 August 22

18:04 Australian Maritime College and KONGSBERG eye potential for VR training with renewed support program
17:39 Nordic Engineering sponsors roundtable meeting “Import Substitution in Russian Shipbuilding: Ambition and Reality”
17:04 DOF Subsea issues Financial Report for 2nd quarter of 2019
16:47 Karelia proposed construction of deep-water freight and passenger port Kem’
16:25 Bunker prices go down at the Far East ports of Russia (graph)
16:04 Navios Acquisition reports results for H1 2019
15:53 PJSC TransContainer reports its Financial Results under IFRS for 6M'2019
15:12 ReCAAP ISC has released Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah
15:04 Essar Ports expects to meet 60 MT target for FY20
14:31 Höegh LNG announces interim results for the quarter and half year ended 30 June 2019
14:14 Peel Ports takes important step towards being Brexit ready
13:56 Yamal LNG shipped twenty million tons
13:35 Arctic block of Far East Investment and Export Agency headed by Dmitry Fishkin
13:13 Sea Machines successfully deploys industry’s first autonomous spill-response vessel
12:28 Fire onboard MV Pyotr Tchaikovsky kills one in Saint-Petersburg
12:13 Frontera Offshore and DOF Subsea join forces for the Subsea Construction and IMR Mexican market
11:31 Kalmar to enhance STS crane capabilities at EUROGATE Tanger
11:21 HELCOM publishes report on noise sensitivity of animals in the Baltic Sea
10:59 HELCOM gets a new Executive Secretary
10:35 Caterpillar Eurasia and Admiral Makarov University agreed on establishing a brand new up-to-date training center
10:10 Steps towards new treaty to protect marine biodiversity
09:38 Brent Crude futures price is down 0.41% to $60.04, Light Sweet Crude – down 0.38% to $55.47
09:20 Hapag-Lloyd announces changes of North Europe Mediterranean Express Service
09:13 Baltic Dry Index is up to 2,061 points
08:44 MABUX: Bunker market this morning, Aug 22

2019 August 21

18:06 BBC Chartering appoints Ulrich Ulrichs as CEO
17:57 BPO joined World Ports Sustainability Program
17:36 Napier Port’s shares commence trading on the NZX
17:06 ZIM announces Q2 2019 results