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Friday, August 23, 2019

Eli Glickman News

Pic: ZIM

ZIM Back in the Black

Israeli container line ZIM Integrated Shipping Services Limited reported a total revenues of  $834.3 million in Q2 2019, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018.In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record), said a press note.The container shipping industry is dynamic and volatile and has been marked in recent years by instability…

Pic: ZIM

Zim Begins Asia-Gulf Services with 2M

The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade."The new services, catering for both Central and South China and South Korea, offer significant advantages for customers, including direct connections to major ports in Asia and the US Gulf; best-in-market transit time with reliable dedicated service; Two weekly cutoffs in Houston & Mobile to better serve growing US exports requirements…

Pic: ZIM

ZIM: Higher Revenues, But a Loss in 2018

The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported a revenue of nearly $3.25 billion in 2018, the highest in the last 4 years, reflecting an increase of 9.1% compared to $2.98 billion in 2017.However, the global container liner had a net loss in 2018 of $119.9 million, including an impairment loss of $38.0 million with respect to vessels classified as held for sale, compared to net profit of $11.4 million in 2017.Adjusted earnings before interest…

File Photo: ZIM Integrated Shipping Services Ltd.

ZIM Revenue Up by 7.7% for Q2 2018

ZIM Integrated Shipping Services (ZIM) reported total revenues were $803.2 million in Q2 2018, compared to $745.7 million in Q2 2017, an increase of 7.7%. It  carried 772 thousand TEUs, an all-time record (reflecting a growth of 17.1% compared to Q2 2017).However, the operating cash flow was $52.6 million, compared to $88.9 million in Q2 2017.Eli Glickman, ZIM President & CEO, said: “Q2 2018 was characterized by the continued rise in fuel prices and chartering rates, as well as low freight rates…

Photo courtesy of ZIM

ZIM, Maersk Line and MSC Partner on Asia-US Trade

ZIM Integrated Shipping Services and the members of the 2M Alliance, Maersk Line and Mediterranean Shipping Company (MSC), announced a new strategic cooperation on the Asia – U.S. East Coast trade.At present, MSC and Maersk Line operate five loops and ZIM operates two loops on the trade.Starting early September 2018, the parties will operate together five loops between Asia and the U.S. East Coast. ZIM will operate one loop while the other four are operated by 2M. The parties will swap slots on all loops.Eli Glickman…

Photo: ​ZIM Integrated Shipping Services Ltd

ZIM Turns Around, Posts Profit for 2017

The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) has posted adjusted net profit of $50 million in 2017, compared to adjusted net loss of $150 million in 2016. The net Profit was $11 million, compared to net loss of $163 million in the comparable period of 2016. It has recorded a total revenues were $2.99 billion in 2017, compared to $2.54 billion in 2016, registering a 17% increase. During 2016-2017, the container shipping industry went through…

(Photo: ZIM)

ZIM Hires Geffen as Chief Digital Officer

Israel's largest cargo shipping firm ZIM has hired Liav Geffen to serve in the newly created position of chief digital officer (CDO). “The new Digital Unit in ZIM will drive the digital transformation the company has already embarked upon,” said ZIM president & CEO, Eli Glickman. “We intend to foster innovation and technology across the board, impacting every aspect of our operations. Over the last eight years, Geffen was VP Marketing of Harel Group. He holds a law degree and a business MBA.

Image: ZIM

Glickman takes the Helm ZIM

Eli Glickman, 56, took office as the new President and Chief Executive Officer of ZIM effective July 1, 2017. Glickman is taking over from Rafi Danieli, who has been President & CEO of ZIM since 2009. "I’m pleased and honored to take office as ZIM’s CEO. ZIM is a dynamic company with a proud heritage. I‘m confident in our ability to deliver exceptional service to our customers, while striving for profitability and growth,” Glickman said. He added: “I want to thank Rafi Danieli, who has steered ZIM through rough seas.

File photo: ZIM

Glickman to Take over as ZIM CEO

Eli Glickman has been nominated by ZIM Integrated Shipping Services’ board of directors as the container carrier’s new president and CEO. Glickman will assume the role July 1, replacing current CEO Rafi Danieli, who last year advised that he would be stepping down. Danieli led ZIM as CEO for the past eight years, and before this held various positions at ZIM, including CFO and deputy CEO. “It has been a privilege to lead ZIM during the most difficult times the industry has ever faced,” Danieli said.