ZIM has launched the Poti Turkiye Feeder (PTF) that connects Poti, Ambarli, Aliaga and Poti on fortnightly basis with 925 teu CONTSHIP JOY that is phased in at Poti on 1 Dec 2022.
Gold Star Line will launch a new Korea Express (KRX) service from 18 October 2022 calling at Taichung, Kaohsiung, Shekou, Xiamen, Busan (New Port & North Port), Incheon, Xiamen, Taichung. The GSL service will turn in 2 weeks using the 1,134 teu ZIM AUSTRALIA and the 1,049 teu ASIATIC PRIDE.
The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping
Zim/GSL will launch a new India-Africa Express (IAX) service connecting Western India with Kenya and Tanzania in East Africa from September 2022. The IAX will call at Nhava Sheva, Mundra, Mombasa, Dar Es Salaam, Nhava Sheva with 3 ships of 1,100 teu. The first official sailing will be made by the 1,134 teu ASIATIC NEPTUNE at Nhava Sheva on 7 September 2022. The same ship had already made one ad hoc rotation at the same IAX ports from 9 August 2022.
ZIM reported before market open today. The results probably came out worse than capital market's expectation. This report on its own is fantastic but the sequential drop in earnings is more than expected and worse among its container liner peers. The sharper than expected drop (22% QoQ) in earnings is driven mainly by the sequential drop in the revenue yield. ZIM's revenue yield, i.e. revenue generated per slot during a quarter. At $6,993/teu slot, ZIM's 2Q revenue yield is still the highest r
ZIM is starting Mexico Central America Express (MXC) calling Progreso, Veracruz, Altamira, Santo Tomas De Castilla, Puerto Cortes, Kingston, Progreso. The service will start with 966 teu CONTSHIP PEP on 10 October at Progreso. The service seems to go on fortnightly basis.
Zim/Gold Star Line will launch a new China Haiphong Express (CHX) service connecting Shanghai, Ningbo, Haiphong, Xiamen, Shanghai using 2 ships of 1,000 teu on a 14 day rotation. The CHX will start from 7 July 2022 with the 966 teu CONTSHIP PEP, followed a week later by the 1,049 teu ASIATIC PRIDE.
MSC is pulling further ahead from Maersk. CMA CGM and Evergreen also gaining market share.
Zim and its affiliate Gold Star Line will launch a new Bangladesh Thailand Service (BTS) from 13 April 2022 to connect Laem Chabang, Port Klang, Chennai, Colombo, Laem Chabang. The service will initially run on a fortnightly basis with 2 ships of 1,050-1,150 teu, starting with the 1,054 teu SINAR BANGKA on 13 April followed by the 1,155 teu SPIRIT OF DUBAI in May.
Zim has decided to split its ZIM MED PACIFIC (ZMP) pendulum service into 2 separate loops to avoid delays due to port congestion. The ZMP was originally scheduled to start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Yarimca, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It was to deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering