Zim Integrated Shipping Services

Zim Integrated Shipping Services

ZIM Integrated Shipping Service

 

One of the largest container lines in the Middle East, Haifa-based Zim Lines is Israel’s largest carrier in both US import trade lanes and US export trade lanes.

Zim provides services on several global trade lanes, including East Asia-West Africa; East Asia-South Africa; Mediterranean-Gulf of Mexico; Mediterranean-West Coast; Mediterranean-East Coast; China-Singapore-Israel; and Mediterranean-South American East Coast (Brazil, Argentina).

19 Aug 2022
Above-average volume growth has narrowed the gap between the 2M Alliance and the Ocean Alliance atop JOC.com’s rankings of the Top 40 Container Carriers by US Imports in 2022.
17 Aug 2022
Eastbound trans-Pacific spot rates won’t find a floor until capacity loosens up through the unwinding of US port congestion, the CFO of carrier Zim told JOC.com.
18 May 2022
Executives say Zim will use its record quarterly profits to pay shareholder dividends, purchase new ships, and possibly to acquire a regional intra-Asia line, if the right opportunity arises.
25 Mar 2022
Ocean carriers are stepping up efforts to sweep up empty containers that are congesting ports on the US West and East coasts ahead of an expected surge of new imports.
22 Mar 2022
The Federal Maritime Commission is adding the availability of export capacity to its ongoing scrutiny of how ocean carriers are operating in the US.
09 Mar 2022
In reporting a $4.6 billion profit in 2021, Zim Integrated Shipping Services warns shipping disruption could bleed into 2023 but it expects some spot rate normalization in the second of half of this year.
07 Mar 2022
Zim Integrated Shipping will offer the first US East Coast expedited vessel service as customers clamor for ways to avoid US West Coast congestion.
28 Jan 2022
Several network changes unveiled by carriers include the 2M Alliance and Zim ending a slot swap agreement on two Asia-Mediterranean services and two Asia services into Vancouver and Seattle on April 1.
14 Jan 2022
Plagued by vessel bunching, terminal congestion, and equipment shortages for much of last year, North America’s West Coast ports are cautioned that these conditions are likely to persist well into 2022 even if imports slow from the double-digit gains in 2021.
07 Jan 2022
Global 3PLs are facing competition from digitally oriented forwarders and vertically integrated container lines and terminal operators.
28 Dec 2021
The port of New York–New Jersey is looking at how it can deal with five years of expected cargo growth that has hit the port through 2021, while other Northeast ports are expanding capacity to deal with larger ships.
16 Nov 2021
Through the suspension of a trans-Pacific service to Southern California, Zim Integrated Shipping Services has become the latest carrier to shift vessels out of trade, blaming port congestion.
22 Oct 2021
Zim is pivoting from its strategy of chartering vessels, rather than owning them, scooping up seven secondhand vessels for $320 million in total, a sign of just how intense the global scramble for capacity has become.
18 Aug 2021
Zim Integrated Shipping Services said it expects governmental pressures on container lines to slow steam ships will blunt significant new capacity additions slated to hit the water 2023.
27 Jul 2021
The reopening of the US and European economies after last year’s COVID-19 lockdowns spurred a resurgence in the trans-Atlantic container trade as business activity in two of the world’s largest economies showed better than expected growth in May, with increases concentrated at US ports that have undergone major expansions.
19 May 2021
In reporting a $590 million net income in the first quarter, Zim Integrated Shipping Services said it would expand its chartered fleet to handle what it expects will be 30 percent more volume in 2021 than in 2020.
22 Mar 2021
Zim Integrated Shipping Services said it believes global port congestion has reached its peak, it doesn’t expect US import pressures to let up.
24 Feb 2021
Container carriers that deployed extra loaders and those that provided express services in the resurgent Asia-US trade saw the largest volume gains in 2020
18 Dec 2020
A weekly service will carry 53-foot domestic intermodal containers between Tampa and Brownsville, Texas, for cross-border shipments between the United States and Mexico.
20 Nov 2020
Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.
18 Nov 2020
Zim this week announced new Asia-Australia and US-Mexico services and said another new service announcement would come soon.
29 Sep 2020
If Zim Integrated Shipping Services pursues an initial public offering, it would be the carrier’s fourth attempt since 2008. Weak financial performance and challenging industry conditions scuppered past attempts.
20 Aug 2020
A chassis dispute between trucking executives and ocean carriers has reached an impasse, spurring American Trucking Associations to seek a resolution from the US Federal Maritime Commission.
03 Aug 2020
Aggressive capacity management in response to the effects of the COVID-19 crisis and escalating tariffs has helped the top 10 container carriers operating in the Europe–US trade increase their share of the market so far in 2020.
17 Jul 2020
A July 16 story on JOC.com, titled Zim’s new empty container site rankles NY-NJ truckers, incorrectly reported that Zim Integrated Shipping Services would require empty container returns at the Croxton yard beginning July 17.
13 Dec 2019
A number of ocean carriers are adjusting their detention and demurrage fees in the next 30 days, causing shippers to pay more for these penalties being reviewed by the Federal Maritime Commission.
21 Aug 2019
Zim’s broadening partnership with the 2M Alliance helped the Israeli carrier record a profit in the second quarter of 2019 and an increase in freight rates for the quarter over the same period in 2018.
Zim, 2M deepen pact with new Asia-Gulf services
03 Jul 2019
Amid rising Asian imports into the Gulf Coast, two new services linking the regions that Zim Integrated Shipping Services will launch in August are expected to increase the cargo moved by the carrier with the 2M Alliance, strengthening the relationship as 2M prepares to lose market share due to the departure of HMM.
14 May 2019
Adding five new members may give the Digital Container Shipping Association the quorum needed to press forward with the development of standard data protocols.
17 Apr 2019
Container carrier Zim is the second independent line to join Maersk and IBM’s blockchain platform, with other European carriers poised to join, JOC.com has learned.
29 Mar 2019
George Goldman, president of Zim USA, tells JOC.com the independent carrier will route the majority of its US cargo from Prince Rupert to Chicago, Memphis, and New Orleans.
19 Feb 2019
Rapid consolidation of container carriers hasn't spurred large-scale rate increases, but it has resulted in increasingly divergent strategies, with some firms focusing solely on ocean transport while others opt for a more "end-to-end" approach.
A truck at port's container transfer area.
11 Jan 2019
At least two ocean carriers will initiate US street-turn fees next month to reduce administrative costs for this measure; truckers and BCOs say it will increase supply chain costs.
30 Nov 2018
The cuts come even amid reports of Brazilian coffee and cotton exporters scrambling for outbound capacity out of the ports of Santos and Vitoria.
ZIM San Francisco.
29 Nov 2018
The combined US import market share of the Top 5 US import carriers slipped 0.3 percentage points to 58.1 percent from January through September, while the Top 5’s US export share fell 0.8 percentage points to 58.4 percent, according to data from PIERS, a sister product of JOC.com.
06 Nov 2018
A report on the status of instant quotes in container shipping.