ZIM, the Israeli container operator continues to perform better then the average adjusted margins in the shipping industry despite a challenging market environment with freight rates reaching historic lows.
ZIM is one of the world’s leading container carriers focused on attractive trades in growing markets. Earlier this week they announced financial results for the three and nine month periods ending September 30, 2015.
ZIM transported 581,400 TEUs in Q3 of 2015, reflecting a 1% increase compared to the same period last year. Carried quantities were negatively affected by lower worldwide demand during the quarter, offset by the positive contribution of the new Z7S service that the Company launched.
The launch of the new Z7S line, which is one of the fastest and most reliable lines connecting South China, South East Asia, the Indian sub-continent and the U.S. East Coast via the Suez Canal, is well aligned with the Company’s strategy to strengthen its presence in U.S East Coast as well as other growing trades around the world.
During the third quarter the Company completed the implementation of a new state-of-the-art vessel loading program. The new cutting-edge software is aimed at enabling ZIM to maximize vessel utilization and cargo load, as well as increase port productivity and data interface between planners, terminals, and vessels while significantly decreasing planning time.