ZIM Volumes Set To Zoom, Profits Zapped By Lease Payments — Panjiva


ZIM Volumes Set To Zoom, Profits Zapped By Lease Payments

Corp - Shipping 608 Earnings 365 Global 722 Mode - Containerized 1005 Mode - Seaborne 1273

Container-line ZIM Shipping reported a 12.1% year over year increase in revenues in 4Q. The growth included a 9.0% rise in average shipping rates that was inline with its peers. The firm’s volume growth of 4.0% is likely to accelerate in the new year after signing a route sharing alliance with the 2M Alliance of Maersk and MSC. That can already be seen in an 18.0% year over year increase in ZIM’s U.S.-inbound volumes in the first two months of 2019, driven by a reallocation of vessels to China-U.S. routes. Yet, like most other shipping companies ZIM has seen declining profitability with ...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.