• 2018 May 24 18:07

    ZIM posts Q1 2018 results

    ZIM reported an adjusted EBITDA of $25.6 million in Q1 2018, compared to $57.4 million in Q1 2017, with an adjusted EBITDA margin of 3.4%, the company said in its press release.
     
    The carried quantities increased by 16.7% to 698 thousand TEUs in Q1 2018, compared to 598 thousand TEUs during the same period in 2017.
     
    Eli Glickman, ZIM President & CEO, said: “During Q1 of 2018, ZIM has increased the volume of cargo carried to 698 thousand TEUs, thanks to intensive sales efforts and customers’ confidence in ZIM. This has been achieved despite very challenging market conditions. While we started to see an improvement in some of the trades towards the end of the quarter, Q1 2018 results, on the whole, were negatively impacted by the combined effect of increased bunker prices, higher charter costs and lower freight rates.

    Despite these conditions, ZIM continued to be one of the top performers in the industry. We Keep investing in digital solutions which will enhance our efficiency and customer experience. We remain focused on achieving our goals according to our strategic vision as an independent carrier, providing reliable and exceptional service to our customers.”
     
    Financial and Operating Highlights for the Three Months Ended March 31, 2018
     
     Total revenues were $751.4 million compared to $655 million in Q1 2017, a 14.7% increase
     ZIM carried 698 thousand TEUs, compared to 598 thousand TEUs in Q1 2017, a 16.7% increase
     The average freight rate per TEU was $938, compared to $953 in Q1 2017, a 1.6% Decrease
     Adjusted EBITDA was $25.6 million compared to $57.4 million in Q1 2017
     EBITDA was $20.7 million compared to $51.3 million in Q1 2017
     Negative adjusted EBIT was $2.2 million, compared to adjusted EBIT of $30.7 million in Q1 2017
     Negative EBIT was $7.1 million, compared to EBIT of $24.6 million in Q1 2017
     Adjusted net loss was $26.1 million, compared to adjusted net profit of $2.6 million in Q1 2017
     Net loss was $34.1 million, compared to net loss of $6.4 million in Q1 2017
     Operating cash flow was $57.9 million, compared to $33.8 million in Q1 2017




2018 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker
15:04 Concordia Maritime AB announces interim report for H1 2018
15:04 Rosrybolovstvo looks into building a series of three RVs as from 2020
14:12 Multipurpose Reloading Complex spends over RUB 600,000 on employee benefits and rewards programme
13:20 Konecranes to deliver more electric RTGs to Luka Koper in Slovenia
13:02 Join Marinet Conference at SMM 2018, Hamburg
12:32 Prime Minister Dmitry Medvedev gives green light to NLR construction project
12:01 WW Ocean presents new-look trade maps resembling public transit maps
11:15 Port of Vancouver posts H1 2018 results
10:41 Aker Solutions wins orders for Liuhua power umbilical systems in China
10:21 Nor-Shipping 2019 devotes entire hall to new focus on Blue Economy
10:05 Crude oil futures drop 0.22% to $72.3 in London and 0.48% to $66.72 in New York
09:29 Bunker prices at Port of St. Petersburg show mixed movements

2018 August 14

18:30 Hapag-Lloyd annonces General Rate Increase from East Asia to USA and Canada
18:12 FE Railways' loaded freight in Jan-Jul up 2% to 28.2 million tonnes
18:07 Hapag-Lloyd changes terminals at Genoa on its MPS service
17:47 British Ports Association launch Sustainable Development Resolution
17:45 Euro Tank Terminal extends jetty at the port of Rotterdam
17:31 MEYER WERFT holds float out procedure for cruise ship for AIDA Cruises
17:29 APM Terminals launches online customer platform in Bahrain
17:27 MED MARINE delivers a 24m ASD Tug from Turkey to Estonia
16:24 Offshore installation vessel starts work on Belgium’s largest offshore wind farm
15:44 Logistec Corporation declares quarterly drvidends on shares
15:21 Vessel Performance Optimisation Forum Singapore initial speakers announced
15:02 Danaos Corporation announces closing of comprehensive debt refinancing
14:16 Sea Port St. Petersburg earmarked over $337,000 for bonus and social responsibility programmes
14:13 TTS Group ASA secures new contracts for access equipment and cranes for two reefer vessels
14:06 Ports of Primorsk and Ust-Luga support green shipping, to implement incentives for LNG-powered ships as from August 15, 2018
13:39 Bunker prices in Far East seaports edge down
13:14 ExxonMobil is first to supply via an independently accredited MFMS in ARA
13:10 Port of Brisbane announce a successful bid for funding of Heavy Vehicle Safety Around Ports project
12:13 HHLA posts operating result for H1 2018
11:29 Rosterminalugol’s seven-month coal throughput hits the 13-million tonne mark
11:11 Crude oil futures price rises to $73.28 (London) and $67.81 (New York)
11:01 Diana Shipping announces continuation of time charter contract for m/v Protefs and a new time charter contract for m/v Nirefs with Hudson
10:58 GeoSea has taken delivery of self-propelled DP2 jack-up vessel ‘Apollo’
10:09 Safe Bulkers announces acquisition of a Capesize class dry-bulk vessel
09:30 Consolidated Marine Management selects ABS Advanced Solutions Enterprise Asset Management
09:14 Baltic Dry Index gains 18 points edging up to 1800pts mark
09:00 ABP to develop new technologies with Rolls Royce and Svitzer

2018 August 13

18:41 Port of Helsinki seven-month volume grows 10% to 8.88 million tonnes
18:27 Russian Gov’t to lend a helping hand to BAM and Transsib modernization project
18:23 HII awarded advance planning contract for CVN 74 RCOH
17:54 Nord Stream 2 submits application and EIA for an alternative route in Denmark
17:47 Board of Harbor Commissioners promotes Casey Hehr as Port of Long Beach Security Director
17:42 NYK to participate in demonstration project to remotely operate a ship
17:15 VT Halter Marine, Inc. launches VDOT's new ferry Powhatam
16:43 Swire Seabed's Seabed Worker commences new project with the Norwegian Petroleum Directorate (NPD) to collect seabed data in the Norwegian Sea
16:38 Spot market price for Russian M100 product ended last week higher at nearly RUB 18,000 / pmt
16:24 RKS-ENGINEERING chosen as the Krasnoyarsk Dam Shiplift overhaul project contractor
15:19 Cammell Laird launches Leander Frigate website following worldwide interest
15:03 Sea Port of St. Petersburg spends RUB 15,8 mln on OH&S programmes
14:05 Yang Ming named Provider of the Year 2018
13:43 PortNews to host live webcast of Marine Robotics: Laws, Applications, Technologies Roundtable, in Moscow and Vladivostok, August 24