Zim

Companies

ZIM 4Q 2022 fell 64% QoQ but guiding positive EBIT ahead

ZIM has reported a sharp drop in net profits in the 4th quarter of 2022, down 64% QoQ and 76% YoY. Zim’s earnings decline is larger than its peers with its 4Q 2022 EBIT margin the lowest amongst the main carriers that have reported their results so far, apart from intra-regional carriers. ZIM guided $100m- $500m EBIT for 2023 which remains in the high end relative to the company’s pre-2020 EBIT performance. Over the 10 year period from 2009 to 2019, ZIM recorded cumulative EBIT losses totallin

Services

ZIM launches new Caribbean Service

Zim launches Caribbean Gulf Express (CGX) that will rotate through Kingston, Houston, Mobile, Kingston with two vessels on 14-day round trip. 1,100 teu CONTSHIP DON will phase in on 14 April at Houston while 1,496 teu WARNOW MASTER will phase in on 15 April at Kingston. Until recently, both vessels have been deployed in ZIM's Intra-East Mediterranean. They will both take a single voyage in ZIM's ZIM Container Service Atlantic to be positioned to the US East Coast before joining CGX.

Services

ZIM eCommerce Xpress service is suspended

Zim has withdrawn the ZIM eCommerce Xpress (ZEX) service with the last sailing by the 4,253 teu ALEXANDER BAY that will complete its current voyage at Busan on 30 March 2023. The ZEX was launched in June 2020 to cater for the increased demand on the transpacific following the COVID-19 crisis and was originally designed to call only at Yantian, Dachan Bay, Los Angeles on a 35 day round trip using 5 ships of 4,250 teu. The ZEX marked the return of Zim to the Pacific Southwest after making an ex

Services

Zim Colibri Xpress (ZCX) service connecting South America West Coast to US East Coast

The launch of the new ZIM Colibri Xpress (ZCX) service connecting San Antonio, Callao, Guayaquil, Cartagena, Kingston, Philadelphia, Miami, Kingston, Buenaventura, Guayaqui, Callao, San Antonio has been delayed from March to April. The first sailing is scheduled to depart from San Antonio on 7 April 2023 with the 1,732 EM SPETSES. The ZIM Colibri Xpress (ZCX) is named after the South American Colibri hummingbird and will deploy 6 ships of 1,700 teu. The other ships to be deployed will be the H

Services

Zim to launch Zim Colibri Xpress (ZCX) service connecting South America West Coast to US East Coast

Zim will introduce a new ZIM Colibri Xpress (ZCX) service connecting San Antonio, Callao, Guayaquil, Cartagena, Kingston, Philadelphia, Miami, Kingston, Buenaventura, Guayaqui, Callao, San Antonio. The ZIM Colibri Xpress (ZCX) is named after the South American Colibri hummingbird and is scheduled to start in March 2023 deploying 6 ships of 1,600-1,900 teu that will be chartered by Zim. Apart from offering direct connecting between South America West Coast and US East Coast service. the ZCX wi

Services

Zim upgrades FE-USEC ZXB service

Zim will add a new calls at Jakarta, Laem Chabang and Haiphong on its ZIM Xpress Baltimore (ZXB) service connecting Southeast Asia and South China to the US East Coast. It will also add a new call at Kingston to provide additional relay options to ZIM’s Latin America regional network and an additional direct call at Norfolk. The revised ZXB will call at Jakarta, Laem Chabang, Cai Mep, Haiphong, Yantian, Kaohsiung, Panama Canal, Kingston, Baltimore, Norfolk, New York, Boston, Suez Canal, Jakart

Services

Zim/GSL upgrades CAX service

Zim and Gold Star Line (GSL) are upgrading the China Australia Express (CAX) service with the addition of new southbound calls at Nansha and Yantian, while the northbound call at Haiphong will be dropped. The revised CAX rotation will call at Shanghai, Ningbo, Xiamen, Nansha, Yantian, Sydney, Melbourne, Brisbane, Shanghai starting from 3 January 2023. The service will turn in 6 weeks, using ships of 1,700 to 2,800 teu. The move follows the withdrawal of the China 2 Australia Express (C2A) serv

Services

Zim/GSL extends China Thailand Vietnam CT3 service

Zim/Gold Star Line is adding more port calls on the China Thailand Vietnam III (CT3) that will extend the service to reach North Asia from January 2023. The CT3 was launched on 25 November 2022 and had initially called at Ningbo, Xiamen, Nangha, Laem Chabang, Bangkok, Laem Chabang, Haiphong, Yantian, Nansha, Ningbo using 3 ships of 1,700-2,000 teu. The service will be extended to call at Xingang, Dalian, Qingdao, Shanghai, Ningbo, Nansha, Sihanoukville, Bangkok, Laem Chabang, Haiphong, Yantia

Services

Zim withdraws C3A service

Zim has withdrawn its North China Australia Express (C3A) service from December 2022. The last sailing was made by the 1,717 teu OPHELIA that ended its rotation at Brisbane on 23 December 2022. The service was first launched at the end of February 2022 and called at Xingang, Dalian, Qingdao, Busan, Ningbo, Sydney, Melbourne, Brisbane, Xingang. The service turned in 6 weeks using ships of 1,7000=2,700 teu.

Services

Zim/GSL launch new Thailand Fremantle Express (TFX)

Zim/Gold Star Line (GSL) will launch a new Thailand Fremantle Express service from January 2023. The service will call at Ho Chi Minh City, Laem Chabang, Port Klang, Sydney, Melbourne, Fremantle, Port Klang, Ho Chi Minh City using 5 to 6 ships of 1,700-2,600 teu on a 42 day rotation starting with the 2,450 teu GSL AFRICA at Laem Chabang on 4 January 2023.

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