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Zim takes lead among box lines, with promise to do more
来源：shippingazette 编辑：编辑部 发布：2022/03/16 09:31:36
ZIM reported a set of bumper annual results for 2021, with revenues growing 169 per cent over 2020 to reach US$10.73 billion, reports London's Loadstar.
Earnings Before Interest and Taxes (EBIT) for the full year was $5.82 billion, 706 per cent over the profit for 2020.
Meanwhile, fourth quarter revenues grew 155 per cent year on year to $3.47 billion, and EBIT was $2.12 billion, a year-on-year increase of 382 per cent.
Its average freight rate for the full year was $2,786 per TEU, an increase of 127 per cent over 2020, and in the fourth quarter was $3,630 per TEU, a year-on-year increase of 139 per cent.
Volumes for the fourth quarter grew seven per cent over the fourth quarter of 2020, with its full-year volume in the full year being 3.48 million TEU, an increase of 23 per cent.
"The 23 per cent growth in container volumes, largely came from the launch of new services in the intra-Asia trades, Asia-Australasia and Asia-East African services, as well as the launch of its e-commerce express strings between Asia and the US west coast," said chief financial officer Xavier Destriau.
"That's where most of our growth has come from because in these trades we started with zero, but today, across the fleet, vessels are pretty much 100 per cent utilised."
It announced the forthcoming launch of another standalone Asia-North America express service, which links Yantian and the Vietnamese hub of Cai Mep with Baltimore, New York, and Boston via the Panama Canal.
This service has coincided with a resetting of Zim's relationship with the 2M alliance.
Said Zim chief executive Eli Glickman: "We still have a very good relationship with both Maersk and MSC, but we decided to change the structure of our partnership with them."
"Whereas previously it consisted of a mix of vessel-sharing agreements (VSAs) and slot purchases, as the market changed we realised that while we wanted to continue with the VSAs we didn't want to buy slots and this was the easiest way where we don't have that cost hanging over us."
Earnings Before Interest and Taxes (EBIT) for the full year was $5.82 billion, 706 per cent over the profit for 2020.
Meanwhile, fourth quarter revenues grew 155 per cent year on year to $3.47 billion, and EBIT was $2.12 billion, a year-on-year increase of 382 per cent.
Its average freight rate for the full year was $2,786 per TEU, an increase of 127 per cent over 2020, and in the fourth quarter was $3,630 per TEU, a year-on-year increase of 139 per cent.
Volumes for the fourth quarter grew seven per cent over the fourth quarter of 2020, with its full-year volume in the full year being 3.48 million TEU, an increase of 23 per cent.
"The 23 per cent growth in container volumes, largely came from the launch of new services in the intra-Asia trades, Asia-Australasia and Asia-East African services, as well as the launch of its e-commerce express strings between Asia and the US west coast," said chief financial officer Xavier Destriau.
"That's where most of our growth has come from because in these trades we started with zero, but today, across the fleet, vessels are pretty much 100 per cent utilised."
It announced the forthcoming launch of another standalone Asia-North America express service, which links Yantian and the Vietnamese hub of Cai Mep with Baltimore, New York, and Boston via the Panama Canal.
This service has coincided with a resetting of Zim's relationship with the 2M alliance.
Said Zim chief executive Eli Glickman: "We still have a very good relationship with both Maersk and MSC, but we decided to change the structure of our partnership with them."
"Whereas previously it consisted of a mix of vessel-sharing agreements (VSAs) and slot purchases, as the market changed we realised that while we wanted to continue with the VSAs we didn't want to buy slots and this was the easiest way where we don't have that cost hanging over us."