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
The beat came mainly from the higher freight rates (+12% QoQ versus ours 7% QoQ) secured by ZIM during the past quarter, which leads to $400m higher top line.
Zim will launch a new ZIM Ecommerce Baltimore Express (ZXB) service that calls at Yantian, Cai Mep, Baltimore, New York, Boston, Yantian. The service will be operated initially on a fortnightly basis using 5 ships of 2,700-3,400 teu on a 70 days rotation and will be upgraded to a weekly frequency at a later date. The first sailing will be on 8 April with the 3,100 teu MH GREEN.
Zim has unveiled its new ZIM MED PACIFIC (ZMP) pendulum service that will connect the Asia-PNW and Asia-East Med trade. The ZMP will start on 1 April 2022 and will call at Busan, Vancouver, Busan, Qingdao, Ningbo, Shanghai, Dachan Bay, Port Klang, Haifa, Ambarli, Izmit, Port Klang, Cai Mep, Dachan Bay, Yantian, Xiamen, Ningbo, Shanghai, Busan. It will deploy 15 ships of 3,400 to 4,300 teu and replaces ZIM’s current participation on the 2M services covering the ‘TP-8/Orient’ service to PNW and
ZIM’s strong QoQ earning growth may pause in the 21Q4 results to be announced in March. The financial market analysts expect ZIM to deliver another 10-15% QoQ growth against our estimate of potentially 15% QoQ drop in 21Q4 net profit. First, volume carried by ZIM could be lower than expected.
ZIM will extend its new Zim Med ISC (ZMI) service to cover North Europe from March 2022. The serivce was first launched in December 2021 and calls at Mundra, Nhava Sheva, Colombo, Haifa, Mersin, Ambarli, Mundra using 4 panamax ships of 4,250-4,310 teu. The move follows the termination of ZIM's current cooperation with MSC on the North Europe-East Med trade in March 2022. The 2 carriers jointly operates the NE1/Israel Express service that calls at Felixstowe, Hamburg, Rotterdam, Antwerp, Le Havr