• 2015 May 21 14:04

    ZIM posts Q1 2015 results

    ZIM ends Q1 of 2015 showing a return to profit and continues to record a steady and ongoing improvement of its operating results. The results stem from continued improved operational efficiency, enhanced customer interface, as well as additional sailings from Asia to US East Coast, as part of the development of this trade. In addition, ZIM has recently announced the inauguration of a new line, the ZIM Seven Star Express (Z7S), connecting South China, South East Asia and the Indian sub-continent with the US East Coast via the Suez Canal and back. The Z7S, with one of the best transit times between South China, Vietnam, Singapore and Colombo, will be operated exclusively by ZIM, and will deploy 10X5,000/6,500 TEU vessels.
    Q1 2015 EBIT (in Non-GAAP terms) improved dramatically, amounting to a $61 million compared to a $5 million in the previous quarter, and a $16 million negative EBIT in the same quarter last year, an improvement of $56 million and $77 million respectively. In GAAP terms, the Q1 2015 EBIT was $40 million profit.
    Q1 2015 EBITDA (in Non-GAAP terms) amounted to a $85 million profit compared to a $30 million in the previous quarter and a $22 million in the same quarter of last year, an improvement of $55 million and $63 million respectively. In GAAP terms, the EBITDA was $69 million profit.
    Net profit (in Non-GAAP terms) in Q1 2015 amounted to $35 million compared to a $4 million loss in the previous quarter and a $53 million loss in the same quarter of last year, an improvement of $39 million and $88 million respectively. In GAAP terms the profit amounted to $12 million.
    The operating cash flow in Q1 2015 amounted to $54 million compared to $43 million in the previous quarter and $23 million in the same quarter of last year.
    The Company carried 560,000 TEU containers in Q1 2015, reflecting a 0.5% decrease compared with the previous quarter and 8% decrease compared with the same quarter of last year. Most of the decrease in comparison to last year was as a result of terminating the service from Asia to Northern Europe and withdrawing from trades which are not part of the Company’s business focus. As a result of the reduced volume of containers carried, the total revenues in Q1 2015 were $792 million, compared to $813 million in the previous quarter and $867 million in the same quarter of last year. The average freight rate per TEU amounted to $1251, no change from the previous quarter and an increase of 3% compared to the same quarter of last year.


2022 January 29

15:07 Sustainable beach replenishment works along the Flemish coast continue in 2022
13:18 Eagle Bulk Shipping Inc. to issue Q4 and full year 2021 results and hold investor conference call
12:51 IJmuiden sea lock officially put into operation
11:29 New product partnership formed between COACH Solutions and Veson Nautical
10:41 MPA launches regular guided tours to Raffles Lighthouse

2022 January 28

18:30 Smooth Ports completes the first project phase of the project
18:12 Two oil garbage disposal vessels put into operation in Novorossiysk
18:05 MOL and Mitsui sign time charter contract for LNG carrier
17:56 Finnlines upgrades its Finland–Sweden route
17:36 NRP Maritime Asset Management announces launching and first close of Premium Maritime Credit Fund
17:26 NYK and Uyeno Group form capital and business alliance
17:06 UPM sets its sights on Rotterdam for new biorefinery
16:51 New fairway drafts offer shipping greater flexibility on Lower and Outer Elbe
16:41 GCT Bayonne orders Konecranes Noell Sprinter Carriers
16:31 ZIM provides update on operational cooperation agreement with the 2M Partners
16:21 ENEA and Fincantieri team up for energy, environment, and circular economy
16:15 Furetank orders new climate friendly tanker for a green fleet
16:10 MAN Energy Solutions delivers engines to Chantiers de l’Atlantique
15:57 USCG intercepts 191 Haitians near Bahamas
15:55 Project cargo on the rise at Port of Antwerp thanks to EU Green Deal
14:26 Tenders for dredging and cleaning of Saint-Petersburg waterways to be announced by ad hoc municipal committee
14:03 Damen Shipyards to build four RoPax ferries for Penang Port, Malaysia
13:41 Nefteflot lays down survey ship of Project RDB 66.62
13:27 Ulstein awarded offshore wind ship design contract for Shanghai Electric and ZPMC
12:34 Universe Shipping opts for RMS 2000 V-rotor systems from Damen Marine Components
12:02 EST-Floattech delivers battery systems to 3 Damen Patrol Vessels 1304 Electric
11:30 KSK Grain Terminal handles grain vessel of 120,000 tons in capacity
11:01 MarineMax reports record fiscal 2022 first quarter results
09:59 RF Navy's frigate Admiral Gorshkov practiced artillery firing in the Barents Sea
09:34 Baltic Dry Index as of January 27
09:16 Crude oil market sees upwards price correction
08:57 MABUX: No firm trend expected on Global bunker market on Jan 28

2022 January 27

18:35 ABP launches the first of its new tranche of port-manufacturing sites at Port of Hull
18:05 Indian Register of Shipping classes first 100 pax hybrid catamaran (battery powered) ferry
17:52 Onezhsky Shipyard launches lead crab catching ship built for Russian Crab Group
17:35 Kawasaki Heavy Industries announces delivery of LPG-fueled LPG carrier CRYSTAL TRINITY
17:05 NAPA and MOL roll out digital Navigational Risk Monitoring Solution on over MOL’s 700+ ships
16:45 Port of Antwerp, North Sea Port Flanders and Port of Zeebrugge launch the stimulus programme ‘Accelerating modal shift’
16:36 Construction of digital shipyard commenced at Onezhsky Shipbuilding, Ship Repair Yard
16:17 Suez Canal Economic Zone signs local and foreign contracts for Sokhna port new berths works
15:35 Construction of support fleet base in Ust-Luga approved by Glavgosexpertiza
15:32 ABS grants AIP to a coordinated design for a wind turbine installation vessel
15:14 Tarragona Port Authority has awarded Global Ports Holding a 12-year concession to manage the services for cruise passengers
15:00 Marine Rescue Service removed all oil products from Chinese ship Xing Yuan
14:53 Cooperation Agreement signed between ThPA S.A. and Suez Canal Economic Zone
14:42 DP World joins forces with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
14:32 A.P. Moller - Maersk shares millions of weather observations to aid climate science
14:22 IMB releases 2021 Piracy and Armed Robbery Report
14:04 FESCO launches regular container train from Vladivostok to Ulyanovsk
13:40 Swissterminal starts a new rail link between the port of Antwerp and Ottmarsheim
13:28 FESCO confirms compliance with standards for operation of vessels in US waters
13:03 Georgia Ports Authority tops 5.5M TEUs, 650K units in 2021
12:49 NYK delivers methanol-fueled chemical tanker
12:02 Throughput of Yeisk port in 2021 remained flat, year-on-year
11:30 Tallink Grupp’s vessel Baltic Queen heads to Naantali, Finland for regular dry-docking
10:56 Throughput of Temryuk port in 2021 rose by 10.3% YoY
10:37 MABUX: Bunker Weekly Outlook, Week 04, 2022
10:33 Haldor Topsoe becomes member of Hydrogen Council to promote green hydrogen solutions
09:48 Registration is underway for 5th Hydraulic Engineering and Dredging Congress
09:29 Baltic Dry Index as of January 26