In the third quarter of this year, the economic results of the container shipping company ZIM have registered a strong growth as was the case in the period for the other companies in the market, accentuated progression that, for the company Israeli was also accompanied by a significant increase in cargo volumes carried by the fleet.

In the period July-September 2024, ZIM's revenues were amounted to $2.76 billion, up +117.2% on the previous year. third quarter of last year, of which 2.40 billion generated maritime shipments handled by the fleet (+143.7%), including €1.43 billion generated by transpacific services (+119.9%), €289.9 million from Asia-Europe services (+159.3%), €257.2 million from services with Latin America (+131.9%), 248.2 million from services intra-Asian (+50.9%) and $182.0 million from services transatlantic liners (+47.0%). The value of EBITDA has increased stood at 1.53 billion (+625.6%). Operating profit and net profit amounted to 1.23 billion and 1.13 billion respectively against negative results of -2.28 billion and -2.27 billion billion dollars in the third quarter of 2023.

The significant increase in turnover in the period July-September of this year is a consequence of the strong appreciation of the value of maritime freight rates, which in the period Average $2,480 per 20' container (TEU) transported (+117.7%). Container volumes in the quarter transported by the fleet have risen to a record high of 970 thousand TEUs (+11.9%), of which 421 thousand TEUs transported on the routes Transpacific (+24.2%), 187 thousand TEUs on intra-Asian routes (-25.2%), 140 thousand TEUs on transatlantic routes (+40.0%), 130 thousand TEU from services with Latin America (+58.5%), a volume that It represents a new historical record for this market, and 92 thousand TEUs on Asia-Europe routes (-4.2%).

Commenting on the latest quarterly results, today the president and CEO of ZIM, Eli Glickman, specified that "contributing to our significant third quarter is was also the decision taken at the beginning of the year to increase the our exposure to spot volumes in transpacific traffic."

In the first nine months of 2024, the container ships of the Israeli companies transported a total of 2.77 million TEUs, with a growth of +10.9% over the same period of 2015, last year, of which 1.19 million TEUs transported on the routes transpacific (+26.7%), activities that generated revenues of to 2.93 billion dollars (+116.2%), 543 thousand TEUs handled by intra-Asian services (-23.7%) which generated revenues of 535.6 million (+10.7%), 416 thousand TEUs transported on the routes transatlantic flights (+33.3%) with related revenues of €503.3 million (+0.3%), 372 thousand TEUs transported by services with Latin America (+86.9%) with revenues of 587.4 million (+92.2%) and 245 thousand TEUs transported on Asia-Europe routes (-26.2%) with related revenues equal to €667.7 million (+53.7%).

In the first nine months of this year, the average value of freight rates was was $1,889/TEU, an increase of +53.0% that driven by the growth in revenues, which totalled €6.26 billion of dollars (+58.2%), of which $5.23 billion was generated by the of the container fleet (+69.6%). EBITDA amounted to to 2.72 billion (+217.1%). Operating profit and net profit are states of $1.87 billion and $1.59 billion compared to negative results of -2.46 billion and -2.54 billion in the January-September period of 2023.