Capacity competition between carriers remain very keen, as shown by Zim’s growth since 2020. New vessel deliveries at more than 1 ship delivered daily since March will continue with over 300,000 teu scheduled to be delivered each month in April through June. Zim has received the ZIM MOUNT VINSON on 3 April, the last unit in the series of 10 ships of 15,248 teu built by Samsung H.I. for Seaspan. These 10 ships have been chartered by Zim for 12 years and brings its total capacity operated to 714,
COSCO and OOCL have added a new Mediterranean Feeder Service (MFS) / Israel West Med (IWM) service with the injection of a ship to Zim's Tyrrhenian Container Line (TYR) service. COSCO has been taking slots on the Zim service since November 2023. The TYR/MFS/IWM calls at Ashdod, Haifa, Fos, Genoa, Salerno, Ashdod and turns in 3 week with 3 ships of 1,100-1,400 teu. COSCO will deploy the 1,223 teu FREDERIK on the service from 13 March 2024 to join Zim's 1,134 teu ASIATIC KING and 1,421 teu NAVI B
Zim has launched a new South China Thailand Express (SXT) service connecting Nansha, Dachan Bay, Sihanoukville, Laem Chabang, Bangkok, Cai Mep, Nansha from 7 January 2024. The service turns in 2 weeks and deploys the 1,645 teu SEA OF LUCK and 1,930 teu KANWAY FORTUNE.
Zim has launched a new ZIM PNW X-Press (ZPX) service that connects Cai Mep, Yantian, Kaohsiung, Xiamen, Ningbo, Shanghai, Vancouver, Busan, Cai Mep starting from 21 January 2024. The new ZPX service will turn in 7 weeks and will initially deploy 5 ships of 2,800-4,200 teu starting with the 2,824 teu GSL VALERIE, 4,253 teu SYNERGY OAKLAND, 3,534 teu BACH and 2 additional ships that have not yet been named. It will operate with 2 blank sailings in each cycle, starting with blanks on 11 February
Zim has replaced the former Port Klang calls on the ZIM Med Premium (ZMP) service with a new westbound call at Cai Mep effective from 8 January 2024. The revised ZMP service will call at Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Cai Mep, Colombo, Haifa, Ashdod, Mersin, Yarimca, Ambarli, Dachan Bay, Xiamen, Busan. The ZMP called Port Klang on both the eastbound and westbound directions but all calls have stopped since Malaysia's decision to ban Zim ships from calling at its ports that was a
Zim has announced higher rates for its Asia-Med Zim Med Premium (ZMP) service that has been rerouted to the Cape route from its regular Suez routing from December 2023 in order to avoid the Houthi attacks on ships using the Red Sea passage. The lengthened ZMP routing will raise the total roundtrip time to 15 weeks compared to 10 weeks previously. The service will retain it current calls at Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ashdod, Mersin, Yarimca, Ambarli, Port Kl
Zim recorded a net loss of $2,270m in the 3rd quarter, due mainly to a non-cash asset impairment write down of $2,063m. Adjusted EBIT losses excluding the non-cash items stood at -$213m for an EBIT margin of -16.7% which places Zim at the bottom of the carrier EBIT margin rankings for the 2nd consecutive quarter. Zim will receive a boost to its earnings of over $150m per quarter as a result of the impairment charge due to lower depreciation expenses going forward but it will not be enough to l
Zim will relaunch the ZIM eCommerce Xpress (ZEX) service from 19 November 2023 to provide an expedited service from South China to Los Angeles. The service will see Zim's ships return to the US West Coast after it withdrew the ZEX in February 2023 and the ZNP in June 2023. The new ZEX will connect Xiamen, Yantian, Los Angeles, Xiamen using 6 ships of 4,200 starting with the 4,252 teu FELIXSTOWE and followed by SEASPAN LONCONMILLA (4,256 teu), ZIM CARMEL (4,360 teu), SEASPAN CHIBA (4,520 teu), S
Zim./Gold Star Line will launch a new China Japan Express (CJX) service from 27 Nov 2023. The new service will call weekly at Lianyungang, Shanghai, Tokyo, Yokohama, Nagoya, Lianyungang on a 14 days rotation using the 1,012 teu IMKE SCHEPERS and 1,o54 teu SINAR BANGKA.
Zim will launch a new ZIM Gulf Toucan (ZGT) connecting Argentina and Brazil with Mexico and the US Gulf coast. The ZGT will start from January 2024 and will deploy to 6 ships of 2,800 teu that are mostly to be redeployed from its Australia routes. The ZGT will call at Buenos Aires, Montevideo, Navegantes/Itapoa, Paranagua, Santos, Rio De Janeiro, Cartagena, Kingston, Veracruz, Altamira, Houston, Mobile, Kingston, Cartagena, Santos, Buenos Aires. It follows the launch of the ZIM Colibri Expre