Sharp improvement in ZIM’s 2014 results

Israel headquarted ZIM Integrated Shipping focuses on servicing profitable lines and continues to improve its operational efficiency

ZIM ended 2014 with a net loss of USD 127 million, a significant improvement of USD 216 million compared to 2013. EBIDTA in 2014 amounted to USD 116 million, an improvement of USD 118 million compared to 2013. The total revenues in 2014 amounted to USD 3.4 billion compared to USD 3.7 billion in 2013. The average freight rate per TEU in 2014 was USD 1,243, compared with USD 1,219 in 2013, a 2% increase.

The Company carried 2.36 million TEUs in 2014, a 6% decrease compared with 2013. Most of the decrease was as a result of terminating the service from Asia to Northern Europe as part of its business plan.

ZIM is concentrating its efforts on executing its business plan which was vital part of the restructuring. In substance it focuses on profitable lines where the company offers added value to its customers, while improving and upgrading its points of interface with customers and continuing to improve its operational efficiency.

The improved results derive, among other things, from organizational changes and expanding the scope of cooperation with other shipping companies which was unattainable before finalizing the restructuring. The reduction in fuel prices, which occurred towards the end of the year, also contributed to the improvement in Q4, despite these prices remaining unstable.

In spite of the reduction in revenues, ZIM managed to improve its operating profit thanks to its continued efficiency drive, improved sales and customer service, reduced fuel costs in the latter part of 2014, the termination of non-profitable lines, and freight rate increases in some other lines. The measures and initiatives that the Company promotes are reflected in a consistent improvement in its results and they put the Company in a good position towards further improvement in the future.

Rafi Danieli, ZIM President and CEO: “The Company recorded a sharp improvement in Q4, and continues to record a steady and ongoing improvement of its operating results. Through the implementation of our business plan, enhancing efficiency and improving our service and sales, we aim to continue in order to return to profitability and growth in 2015.”

ZIM Integrated Shipping Ltd was established in 1945, and has developed into one of the largest, leading carriers in the global container shipping industry. The fleet comprise 89 vessels, 17 fully or partly owned, with a total carrying capacity of over 363,474 TEUs. The Company operates over 558,000 TEUs of various types.

www.zim.com

Quelle: LogEastics
Portal: www.logistik-express.com