Independent journal on economy and transport policy
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Another extraordinary quarter for ZIM
In the period July-September the fleet has transported 884 thousand containers (+16%)
November 17, 2021
Crucial factor for achieving these new highs historical for all shipping companies in the line sector is was the extraordinary increase in the value of sea freight. In the third quarter of 2021 the average zim rental was equal to the record value of 3,266 dollars/teu, with an increase of +174.3% on the same period last year.
What differentiates ZIM from the results achieved by some other global containerized companies is the marked increase of +16.0% in the volumes of containerized cargoes transported by the Israeli carrier's fleet in the third quarter of this year that were equal to 884 thousand teu. It is a volume of traffic that constitutes the new record for the third quarter of the year and is lower only than the historical record of 912 thousand teu marked in the second quarter of this year.
In the first nine months of 2021, ZIM revenues increased of +176.0% being amounted to 7.26 billion dollars compared to 2.63 billion in the period January-September last year. EBITDA was $4.23 billion (+741.3%), operating profit at 3.70 billion (+1,209.3%) and net profit at 2.94 billions (+1,763.6%).
In the first nine months of this year the portacontainer of the Israeli company transported a total of 2.62 million of teu (+28.5%).
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