• 2017 November 24 12:30

    ZIM posts Q3 2017 results

    ZIM continues to outperform the industry and achieve encouraging results, the company said in its press release.
     
    ZIM reported an adjusted EBITDA of $89.2M in Q3 2017 compared to $10.5M in Q3 2016, with an adjusted EBITDA margin of 10.9%.

    The carried quantities increased by 10.6% to 688 thousand TEUs in Q3 2017, compared to 622 thousand TEUs in Q3 2016.
     
    Financial and Operating Highlights for the Three Months Ended September 30, 2017
     
    Adjusted net profit was $36.2 million, compared to adjusted net loss of $40.4 million in Q3 2016 Operating cash flow was $46.4 million, compared to $12.7 million in Q3 2016

    Total revenues were $816.7 million, compared to $643.9 million in Q3 2016, a 26.8% increase

    Net profit was $25.2 million, compared to net loss of $37.6 million in Q3 2016Adjusted EBITDA was $89.2 million compared to $10.5 million in Q3 2016

    EBITDA was $83.6 million compared to $17.7 million in Q3 2016

    Adjusted EBIT was $61.8 million, compared to negative $14.4 million in Q3 2016

    EBIT was $53.8 million, compared to negative $7.2 million in Q3 2016

    ZIM carried 688 thousand TEUs, compared to 622 thousand TEUs in Q3 2016, a 10.6% increase

    The average freight rate per TEU was $1,058, compared to $887 in Q3 2016, a 19.2 % increase

    Financial and Operating Highlights for the Nine Months Ended September 30, 2017
     
    Adjusted net profit was $51.3 million, compared to adjusted net loss of $151.3 million in the comparable period of 2016.

    Net Profit was $21.1 million, compared to net loss of $168.1 million in the comparable period of 2016

    Total revenues were $2,217.4 million, compared to $1,885.8 million in the comparable period of 2016, a 17.6% increase.

    Operating cash flow was $169.2 million, compared to $15.7 million in the comparable period of 2016.

    Adjusted EBITDA was $216.7 million compared to $2.8 million in the comparable period of 2016.

    EBITDA was $197.7 million, compared to negative $2.9 million in the comparable period of 2016.

    Adjusted EBIT was $136.2 million compared to negative $71.3 million in the comparable period of 2016.

    EBIT was $114.8 million, compared to negative $78.1 million in the comparable period of 2016.

    ZIM carried 1,945 thousand TEUs, compared to 1,816 thousand TEUs in the comparable period of 2016, a 7.1% increase.

    The average freight rate per TEU was $1,008, compared to $898 in the comparable period of 2016, a 12.2% increase.




2022 January 24

18:22 Nakilat takes delivery and management of fourth LNG carrier newbuild
18:09 CMA CGM and TotalEnergies launch Port of Marseille Fos’ first ship-to-containership LNG bunkering operation
17:55 Detachment of RF Navy’s Baltic Fleet went to sea to fulfill tasks of long-distance campaign
17:32 Raiffeisenbank opens USD 20 million credit facility for Sea Port of Saint-Petersburg
17:13 GTMaritime guide sets out future of maritime communications
16:50 Glavgosexpertiza approves construction of coal terminal Port “Vera” in Primorye
16:29 Salus Technical introduces its the cloud-based software Bowtie Master
15:58 Tersan shipyard lays down trawler for Magadan based fishing company Tikhrybkom
15:11 Wärtsilä hits methanol milestone with first newbuild engine order
14:30 Sea Port of Saint-Petersburg to take delivery of over 40 units of handling equipment and one 63-tonne crane in 2022
14:01 Dogger Bank announces supplier events for O&M phase
13:44 BW Offshore signed an agreement for the sale of the FPSO BW Joko Tole
13:21 Loko-Bank shareholder increased his share in FESCO to 26.52%
13:07 Royal Dutch Shell plc changes its name to Shell plc
12:44 FESCO increases number of transit container trains from CPV almost twice in 2021
12:23 EdgeTech rolls out the 6205s2 Swath Bathymetry & Side Scan Sonar System
12:18 PGS secures Northern Lights CO2 storage acquisition contract
11:52 Maersk Drilling secures 21-month contract with TotalEnergies
11:17 Second episode of a creative multimedia project named The Ecologist was launched in cooperation with Van Oord
10:49 Heerema announces contract with McDermott for Saudi Aramco’s Marjan Increment Program
10:42 Eastern Shipbuilding completes major infrastructure improvement project to support OPC program
09:28 Crude oil prices rise as demand increases
09:11 Baltic Dry Index as of January 21
08:37 MABUX: No firm trend on Global bunker market on Jan 24

2022 January 23

14:29 Record figures in Polish ports
13:52 Coast Guard to close southern Green Bay for commercial traffic
12:36 CMHI shipyard hosts a keel-laying ceremony for Ulstein designed expedition cruise vessel ‘Ocean Albatros’
11:47 SGMF releases updated version of LNG as a marine fuel – Safety and Operational Guidelines – Bunkering'
11:08 James Fisher Renewables secures high voltage safety management commissioning contract from Iberdrola’s Baltic Eagle offshore win
10:57 BW Ideol secures close to 1GW of offshore floating wind acreage in ScotWind leasing round
09:51 AIDA named Top Employer again

2022 January 22

14:06 Crowley names Marcus Jadotte as Senior VP, Government Relations
13:29 Kongsberg Digital joins the NorthWind project to develop digital twin technology for offshore wind
12:41 New year boost for MYCRANE as four lifting experts join the team
12:07 Mitsui O.S.K. Lines, Ltd. and Bombora Wave Power strengthen their collaboration through an investment
11:34 Carnival Cruise Line adding more embarkation enhancements as it commits to current protocols for the foreseeable future
10:54 Indian Register of Shipping strengthens focus on safety of Inland Waterways

2022 January 21

19:15 PortNews’ week updates and insights summary
18:20 More than 600 boxships stay off ports waiting for berth space, Seaexplorer disruption indicator shows
18:07 Green Innovation Fund adopts joint project on “Mass-production and Cost Reduction of Floating Offshore Wind Installation”
17:44 The new Stena Baltica has debuted on Stena Line’s Baltic Sea route from Ventspils to Nynäshamn
17:16 Port of Los Angeles breaks cargo record in 2021
17:06 Finnlines strengthens Germany-Sweden route with a fourth ship
16:36 Maersk opens its logistics center for South Western Europe at port of Barcelona
16:03 Dublin Port sees a small reduction in volumes in 2021
15:24 Kongsberg Digital joins the NorthWind project to develop digital twin technology for offshore wind
14:03 ClassNK issues Approval in Principle for ammonia-fueled Panamax bulk carrier developed by Planning and Design Center for Greener Ships (GSC)
14:02 TGE Marine announces completion of largest LNG Bi-Lobe Type C Tanks
13:23 Samskip adds 150 new sustainable reefer containers to its fleet
13:01 Icebreakers remain busy assisting shipping of the Gulf of Finland eastern part
12:13 Freight volumes increase at the Port of Gothenburg in 2021
12:12 Nippon Paint Marine’s new fastar antifouling earmarked for Cosco Shipping VLCC fleet
11:42 RZD invested heavily in its rolling stock upgrade in 2021
11:31 DP World launches a premium barge service between the Upper Rhine region and Rotterdam World Gateway
11:03 Israel orders three new submarines from thyssenkrupp Marine Systems
10:31 Port of Oakland import volume hit new record in 2021
10:11 Crude oil prices drop on US oil reserves growth
09:32 MABUX: Global bunker prices may slide down on Jan. 21
09:21 Baltic Dry Index as of Jan 20

2022 January 20

18:35 EuroDry announces agreement to acquire a 2014-built Supramax bulker