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Updated: 8 hours 13 min ago

ZIM Appoints a Chief Digital Officer

Mon, 01/15/2018 - 10:49


ZIM announced today that it has appointed Mr. Liav Geffen as Chief Digital Officer (CDO)
This new position, part of ZIM’s Sales & Customer Service directorate headed by VP Sales and Customer Service, Mr. Saar Dotan, will enhance ZIM’s strategy to become a digital leader in the shipping industry.


Mr. Geffen holds a law degree and a Business MBA. Over the last eight years he was VP Marketing of Harel Group. Geffen has a proven track record of leading digital transformations and fostering the use of data, analytics and digital engagement with customers.


ZIM President & CEO Eli Glickman said: “The new Digital Unit in ZIM will drive the digital transformation the company has already embarked upon. We intend to foster innovation and technology across the board, impacting every aspect of our operations. Our vision is to combine top-notch technological solutions with a personal and dedicated service to our customers.”

Improving ZIM’s Greece Turkey Service (TGX)

Tue, 12/26/2017 - 10:02

In order to improve our current service levels and provide customers in the region with the best solutions, the following changes will be introduced starting January 2018.

 
TGX new rotation: 
Haifa - Ashdod – Iskenderun - Antalya - Istanbul Ambarli - Izmit - Gemlik - Istanbul Ambarli - Piraeus - Izmir - Haifa

  • Iskenderun port is added to TGX rotation 
  • Thessaloniki cargo will now be served by our mainliner ZMP service, via Istanbul to Haifa, with a total transit time of 7 days and much improved schedule reliability
  • Transit time from Piraeus to Israel will be shortened to 4 days (instead of current 11 days)


The change is implemented as part of ZIM’s strategy to create synergy with our mainliners through fast connections in Turkish ports. The new rotation is also aimed to overcome congestion problems in Thessaloniki and better serve the Greek market.

The change is part of our ongoing efforts to expand our coverage in the region and improve overall service levels to customers.   

Intermodal Trucking Situation in the US

Wed, 12/13/2017 - 09:21

ZIM , along with the shipping industry, has enjoyed a ready supply of trucking services for the last 2 years. We are now faced with increased challenges to the trucking community, predicted to have a major industry impact:

  • The supply of drivers is shrinking, as retirees are not being replaced on an equal basis.
  • Electronic Logging Devices, mandated to be in effect as of Dec 18, 2018. This is expected to impact productivity, as it will more effectively limit drivers to Federally mandated hours of service driving regulations.
  • Truck capacity for hazardous cargoes - less drivers are obtaining hazardous certificates, as they lose productivity when stopped for paperwork examinations.
  • Volume increases which are straining the entire supply chain infrastructure - in addition to the impact on trucking capacity, it also brings congestion at terminals and rail ramps. We have seen this most recently in SAV, where record volumes through the port are causing delays for local, over the road, as well as rail activity.
  • Rail free time is already very limited, and many of the major ramps are subject to intermittent delays.


We expect all of the above factors to contribute to increasing truck costs across the US, will lead to storage fees at Terminals and Rail Ramps, and may cause dry runs and congestion charges.

ZIM is taking the necessary measures to avoid disruptions and insure continuous service availability. We would also advise our customers to take some preventives steps, as much as reasonably possible:

  • Make sure delivery orders are provided as early as possible, preferably before vessel arrival. This is critical information.
  • Clear rail imports at the port of discharge, rather than at the inland ramp location.
  • Ensure that all hazardous paperwork is accurate and timely received.
  • When possible, expand receiving windows to include after hours. This will alleviate delays at Terminals and Ramps, which generally peak between 8am – 4 pm.

E-INOVICE GO LIVE

Fri, 11/24/2017 - 08:14

In pursuant to the Tax Authority’s policy, we are pleased to announce that we have implemented E-invoice system with effect from 1 October, 2017. We will only issue the e-invoice once. A pdf. file is available upon request.

 
為配合國稅局電子發票政策,落實節能省碳響應環保,本公司訂於10月1日正式使用電子發票.發票型式為一聯,亦可索取電子檔案,特此公告

ZIM Seven Stars Express Service to add a Kaohsiung call

Fri, 11/24/2017 - 07:50
ZIM is pleased to announce that starting November 2017, ZIM’s popular Seven Stars Express Service (Z7S) will add a call in Kaohsiung, Taiwan, offering unique advantages to customers, including: 
 
- Direct access to New York Maher terminal
- Unique product linking Kaohsiung and Wilmington, NC
- Fast transit time from Wilmington and Savannah; A premium product for USA exports to Taiwan
- Calling Terminal 5, Pier 77/78 in Kaohsiung, for easy access from main manufacturing areas
- End of the week departure from Kaohsiung   
 
The first vessel to call Kaohsiung on the new rotation is Zim Ontario on Nov 3, 2017.  

ZIM Seven Stars Express Service deploys 11X5000TEU vessels operated solely by ZIM, ensuring high schedule reliability and punctuality. 
 
The new Z7S rotation:
Kaohsiung – Da Chan Bay – Yantian – Cai Mep – Port Kelang – Colombo – New York- Norfolk – Wilmington – Savannah – Port Kelang – Kaohsiung
 
The new call is part of ZIM’s ongoing efforts to improve and enhance our portfolio on the Asia-US East Coast trade and cater for market needs.


以星航運七星快線加掛高雄
以星航運日前宣布自2017年11月起將其在亞洲-美東市場上廣受歡迎的以星七星快線(Z7S航線)正式加掛高雄港, 以提供廣大台灣客戶該航線的五大優勢服務:
1. 直航紐約港最受歡迎的馬赫碼頭(Maher Terminal)
2. 市場上唯一連結高雄至威明頓港(Wilmington)的獨家服務
3. 提供威明頓港(Wilmington)及薩凡納港(Savannah)出發到台灣的最短船期; 美國出口至台灣的優質快速航線.
4. 掛靠高雄第五貨櫃中心77/78號碼頭, 提供各工業區到高雄港的絕佳連結
5. 台灣客戶喜愛的週末高雄開航

七星快線首航高雄航班Zim Ontario預定將於11月3日抵達高雄. 本航線配置以星航運獨立操作的11條以高度可靠性及準班率著稱的5000 TEU級屬輪. 沿途掛靠:
高雄-大鏟灣-鹽田-蓋美港-巴生港-可倫坡-紐約-諾福克-威明頓-薩凡納-巴生港-高雄
新Z7S航線設置不但凸顯了以星航運持續改善並強化亞洲-美東航線佈局的重要進程, 同時也實際呼應市場上客戶對該航線上優質服務的渴切需求.

ZIM Q3 2017 RESULTS

Thu, 11/23/2017 - 13:04


Haifa, 23rd November 2017,
 
ZIM recorded adjusted net profit of $36.2M in Q3 2017, compared to adjusted net loss of $40.4M in Q3 2016
 
ZIM recorded adjusted net profit of $51.3M in the nine months ended September 30, 2017 compared to adjusted net loss of $151.3M in the comparable period of 2016
 
In Q3 2017, ZIM carried 688 thousand TEUs, an all-time record (reflecting a growth of 10.6% compared to Q3 2016)
 
Adjusted EBITDA of $89.2M in Q3 2017, compared to $10.5M in Q3 2016
 
Total revenues were $816.7M in Q3 2017, compared to $643.9M in
Q3 2016, a 26.8% increase
 
 
The industry is starting to stabilize after the major changes it has gone through, with reshaping of the alliances and M&A’s activities that took place during the last years. We saw a positive trend in the industry in the last four quarters, however, market conditions remained challenging and volatile. 
 
ZIM continues to outperform the industry and achieve encouraging results. The results of ZIM in Q3 2017 and the nine months ended September 30, reflect a continuous improvement in the company’s performance.
 
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.
 
Eli Glickman, ZIM President & CEO, said: “ZIM’s encouraging Q3 results are a cause for optimism, and we hope they reflect a momentum that we can keep up in the coming quarters; however, we still face many challenges, including the uncertainty of market conditions, including freight rates & bunker prices.


I believe we are on the right track, as we continue to outperform the industry thanks to our unrelenting focus on profitability, efficiency and a customer-orientated approach.
We are currently in the process of finalizing our 2018 budget, designed at increasing the pace of our strategy implementation and embracing fresh technological initiatives, as part of our vision to offer our customers new and best-in-market services. “
 
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.   
     


 

Z7S - CRETE I 10E omit KAOHSIUNG, YANTIAN, CAI MEP and COLOMBO

Thu, 11/23/2017 - 10:49

We wish to inform you that Z7S – CRETE I 10E will be omitting KAOHSIUNG, YANTIAN, CAI MEP and COLOMBO due to vessel will phase out Z7S service.

KAOHSIUNG cargo
- Will be discharged in PORT KELANG (eta 3/Dec) and plan to connect DOLPHIN II 26E (eta PORT KELANG 9/Dec, eta KAOHSIUNG 15/Dec)

Z7S - CRETE I 10E omit KAOHSIUNG, YANTIAN, CAI MEP and COLOMBO

Thu, 11/23/2017 - 09:45

We wish to inform you that Z7S – CRETE I 10E will be omitting KAOHSIUNG, YANTIAN, CAI MEP and COLOMBO due to vessel will phase out Z7S service.

KAOHSIUNG cargo
- Will be discharged in PORT KELANG (eta 3/Dec) and plan to connect DOLPHIN II 26E (eta PORT KELANG 9/Dec, eta KAOHSIUNG 15/Dec)

ZIM's Groundbreaking Blockchain-Based Bill of Lading

Mon, 11/20/2017 - 15:15


The new solution allows the secure exchange of original documents on the blockchain.

The first pilot of paperless Bills-of-Lading based on blockchain technology was completed in cooperation with Sparx Logistics and Wave Ltd. The pioneering pilot, first of its kind led by an ocean carrier, was concluded successfully.


During the trial all participants issued, transferred and received original electronic documents using the Wave Application; the Containers, shipped by Sparx Logistics from China to Canada, were delivered to the consignees without a hitch.


An electronic substitute to the traditional Negotiable Ocean Bill-of-lading has been the industry’s Holy Grail for many years. ZIM Integrated Shipping Services is pioneering the new solution following a long market analysis; ZIM is convinced that the blockchain technology and the Wave application can be the solution that will drive the trade to the digital era.


The new blockchain-based system developed by Wave uses distributed ledger technology to ensure that all parties can issue, transfer, endorse and manage shipping and trade related documents through a secure decentralized network. The application is free for Shippers, Importers and Traders and requires no IT or operational changes.


ZIM CEO Eli Glickman: “I’m proud that ZIM leads the way in introducing blockchain technology to the shipping world, and congratulate our partners in this exciting initiative, Sparx Logistics and Wave Ltd.


ZIM CIO Eyal Ben-Amram: “promoting innovation and technology in our industry is an integral part of ZIM’s vision. While we are still in the process of evaluating the technology, we are confident that this type of forward-looking ideas will advance our industry as a whole towards a more efficient and modern phase.” 

 
Wave CEO Gadi Ruschin: “We thank ZIM for leading the industry adoption of the Wave application and network. Moving to a digital Bill of Lading would be hugely beneficial in supporting the supply chain in general, through reduced costs, error free documentation and fast transfer of original documents. We look forward to continuing the process and invite more of ZIM’s customers and partners to join the pilots and use Wave for their business needs”

ZIM North Europe - East Med Emergency Bunker Surcharge Update

Thu, 11/09/2017 - 17:24

Dear ZIM customer, 

In order to continue our good and reliable service, we would like to advise that it has been decided to implement an EBS (Emergency Bunker Surcharge) of 15 Euro/TEU on FAK (Freight All Kind) cargo from all North Europe base ports to East Mediterranean base ports, and from all East Mediterranean base ports to North Europe base ports.

 

The above EBS charge shall be implemented as of December 1st 2017, till further notice.


The EBS charge is additional to the applicable base freight charge, THC, bunker, security related and PSS charges which are provided in ZIM's Tariff Calculator (http://www.zim.com/knowledgecenter/tools/pages/tariff-calculator.aspx) as well as to other charges for additional services, local charges and contingency charges.

 

For further details kindly see our website: www.zim.com, or contact our local sales or customer service representative.

 

For information and details regarding additional commodities, kindly contact ZIM local sales.

 

These measures are necessary in order to maintain our current levels of service and high reliability.

 

Sincerely yours,

ZIM Integrated Shipping

 

 

*** Russian trades are excluded. For details regarding freight and charges for Russian trades please contact the local sales/customer representative



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