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
Zim will launch its first FE-WCSA service branded as the ZIM Albatross (ZAT) starting from 13 November 2023. The new service will call initially at Ningbo, Shanghai, Qingdao, Lazaro Cardenas, Buenaventura, Guayaquil, San Antonio, Hong Kong for its first 3 sailings before switching to a full rotation calling at Xingang, Qingdao, Shanghai, Ningbo, Busan, Lazaro Cardenas, Buenaventura, Guayaquil, Callao, San Antonio, Busan, Xingang on a 77-days round trip. Zim will deploy up to eleven ships of 3,5
Zim and Gold Star Line (GSL) have changed the GSL Kolkata-Chittagong Express Shuttle (GKC) service to a Port Klang-Kolkata shuttle service but has retained the GKC service name. The new GKC is jointly operated with RCL which brands the service as the RCL Malaysia-Kolkata Service (RCH8). The GKC/RCH8 service will call Port Klang (Westports), Kolkata, Port Klang and turns in 2-3 weeks with up to 3 ships of 1,000-1,200 teu deployed, with the new deployment started in September 2023.
Zim has withdrawn its Zim Med ISC (ZMI) service from September 2023, with the last sailing departing from Haifa on 2 September 2023. The ZMI service called at Haifa, Aliaga, Valencia, Felixstowe, Rotterdam, Hamburg, Antwerp, Le Havre, Ashdod, Limassol,Haifa,Colombo,Nhava Sheva, Mundra, Haifa turning in 5 weeks with 5 ships of 3,500-6,800 teu operated independently by Zim. Zim will replace the ZMI with slots on 3 MSC services covering 3 separate corridors that were previously served by the ZMI:
MSC and Zim have announced on 6 September 2023 a new operational cooperation agreement covering the trades between the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with Oceania. The cooperation is expected to be expanded when the current 2M-Zim collaboration is dissolved from January 2025, with MSC poised to further extend its current slot sale agreement with Zim on the Asia-PNW route to cover the Asia-US East Coa
MSC has added a Mex Gulf to Central America service through slots on Zim's Central America Gulf Xpress (CGX) that calls at Kingston, Houston, Altamira, Kingston, Moin, Santo Tomas de Castilla, Puerto Cortes, Kingston using 3 ships of 900-1,100 teu. The move follows the announcement of Zim's new operational collaboration agreement with MSC on trades connecting the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with
Zim will join MSC on the North Europe-Israel trade by contributing two out of the 5 ships on the revised Zim North Europe Israel (ZNI)/Israel Express service from the end of August 2023. The service will call at Ashdod, Haifa, Damietta, Valencia, London Gateway, Rotterdam, Hamburg, Antwerp, Le Havre, Ashdod with the 7,403 teu KURE, 6,724 teu MSC LORETTA from MSC 5,550 teu MSC VIGO that will be joined by the 6,881 teu ZIM ALABAMA and 6,644 teu ZIM VIETNAM. This is the 3rd trade in which Zim and