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…
Haifa Port Co. Logs Record Year
Following the Port Reform Agreement that was signed on December 2018 - Haifa Port Company, the operator of all current terminals in Haifa Port, reports a total throughput of 26,264,000 metric tons and 1,464,000 TEUs in 2018, and it continues to be the largest and leading port in Israel in total cargo handling.Haifa Port Company said the 26.264 million metric tons represents a 1% increase over last year, and cargo distribution includes: Containers – 60%; Oil – 17%; Grains – 11%…
ZIM Launches Blockchain-based Bills of Lading
Israel’s largest cargo shipping company ZIM Integrated Shipping Services has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades.Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.Following the successful pilot, accomplished with the cooperation of Wave Ltd.
Hyundai Merchant Marine to Say Good Bye to 2M Alliance?
South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join a new ocean alliance said a local media report.According to a report in Business Korea, the 2M Alliance (consists of Maersk Line and MSC) is disadvantageous to HMM as it is not a full member of the alliance. HMM's status fell as the 2M Alliance inked a partnership deal with Israel's Zim Integrated Shipping Services, the report…
IMO Provides Fellowships for Women in Ports
International Maritime Organization (IMO) has provided fellowships to ten female officials attending a Port Senior Management Programme held at the Galilee International Management Institute (GIMI) in Nahalal, Israel, (14 -27 November). "A successful and well-run port contributes to the sustainable economic development of its region. But what is also an economic no-brainer is female empowerment. We provide fellowship to address both these points," said a statement from IMO.The two-week course provides participants with key information and updates on innovations in the port industry.
Port of Hamburg: Railborne transport up 4.3%
In the first nine months of the year, the Port of Hamburg transferred substantially more freight on to rail - Seaborne cargo handling was below the previous year’s level, owing to less bulk cargo and a slight downturn in container handling, while there was an increase for conventional general cargo.In the Port of Hamburg, railborne container transport achieved a distinct advance of 4.3 percent in the first nine months of the year. A total of 1.8 million TEU – 20-ft standard containers – were transported by rail between the port and inland inter-modal terminals.
ZIM-MSC Connecting India and East Mediterranean Ports
ZIM Integrated Shipping Services (ZIM) and MSC Mediterranean Shipping Company have announced a new cooperation on the India sub-continent – Mediterranean trade. The new cooperation is due to commence on the second half of October, connecting India and major East Mediterranean ports. A press statement from the company said: "We are pleased to announce a new cooperation, offering a fast and reliable connection between the sub-continent and the Mediterranean."Rani Ben-Yehuda, ZIM’s EVP Cross Suez and Atlantic BU…
Port of Hamburg Throughput Dips
The Port of Hamburg achieved total throughput of 66.5 million tons in the first half of 2018, representing a moderate downturn of 4.9 percent, with the downward trend slowing in the second quarter.General cargo throughput at 45.5 million tons (down 2.2 percent) and bulk cargo throughput at 21.1 million tons (down 10.4 percent) contributed to the total in Hamburg. Bulk cargo represents one-third of the total. This segment caused 71 percent of the total downturn, with reductions in suction and liquid cargoes being market-driven.
ZIM Announces Senior Management Changes
ZIM has announced today that ZIM’s VP Global Sales, Saar Dotan, will replace Rafael Ben-Ari, ZIM’s VP Shipping, as of June 1. Dotan’s new title will be EVP Countries & Business Development.Dotan joined ZIM in 2005 and held several senior positions, lastly EVP Sales and Customer Service.Additionally, Yair Teitelbaum has been appointed ZIM’s VP Global Sales, effective September 1, 2018.Teitelbaum will join the company after working for Colmobil Corporation, serving as Senior Director of Mitsubishi Motors Israel Division since 2015.
Video: Autonomous Drones Aid Port Construction
An Israeli startup has partnered with Shapir-Ashtrom to survey the construction of Haifa’s new $1 billion seaport, Gulf Port, intended to further develop Israel’s coastline areas and increase maritime traffic and international commerce.With this collaboration, Airobotics, which claims to have built the world’s first fully automated drone, is implementing the first technology of its kind for industrial spaces and is working closely with Israel’s top construction and civil engineering companies…
Obituary: Hans Gerhard Kahn, Founder, Jumbo
Jumbo, the maritime heavy lift company, announced that its founding father, Hans Gerhard Kahn, passed away at the age of 95 (1922-2018). Kahn passed away on Friday 18 May in Caesarea, Israel. Kahn realized his dream of becoming a ship owner and became one of the first pioneers in the heavy lift shipping industry. The funeral will take place on Tuesday 22 May in Caesarea, Israel.
First-Quarter Returns From the Universal Port of Hamburg
This year’s first-quarter throughput total at the Port of Hamburg was notable for a rise in conventional general cargoes, a lower figure of bulk cargoes, a stable trend in container handling and distinct growth on container transport services by rail.In the first quarter of 2018, the Port of Hamburg achieved total throughput of 32.7 million tons (down 7.5 percent). In Hamburg this heading covers general cargo throughput of 22.7 million tons (down 1.8 percent) and bulk cargo throughput of 10.0 million tons (down 18.2 percent).
Israeli Seaports Reopen as Workers End Strike
Israeli dockworkers on Sunday ended a three-day strike that had shut down the country's two main seaports after a court ordered them back to work.Officials at the Mediterranean ports of Ashdod and Haifa said operations had resumed and that cargo ships were once again being unloaded.The workers had protested against the creation of competing foreign-run docks.The government, frustrated by labour disputes that have disrupted Israel’s trade arteries for years, gave the green light in 2013 to build new terminals next to the state-run ports of Ashdod and Haifa.Union leaders have been negotiating wi
Ships Stranded as Strikes Shut Israel's Main Ports
Striking workers shut down Israel's two main ports, leaving dozens of cargo ships stranded on Thursday in protest against the creation of competing foreign-run docks.At least 17 ships were waiting to unload at Ashdod port, with another 14 lined up to come in.
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…
ZIM Upgrades ZCP, Rolls-out CFX Service
The biggest cargo shipping company in Israel ZIM Integrated Shipping Services (ZIM) upgrades ZIM Container Service Pacific (ZCP) and Introduces a New Service (CFX) Connecting Jamaica, Florida & Canada. "ZIM is pleased to announce a change and upgrade of our flagship ZIM Container Service Pacific (ZCP), and the simultaneous launch of a new Canada Florida Express service (CFX), starting April 3rd," said a statement from the company. The combined synchronized change will improve transit time and service levels, and expand port coverage.
Morén Rejoins MJP
Marine Jet Power (MJP) welcomed Nils Morén as International Sales Manager responsible for sales in Israel, India, Taiwan and South Korea. In this role Nils will be responsible for business development and customer relations, reporting to MJP CEO, Magnus Sörenson. Nils originally joined MJP in 1996, during which time he was mainly responsible for sales for 14 years. During his tenure Nils was a key player and helped secure many notable contracts including orders worldwide. Most…
MJP Welcomes Back Morén as International Sales Manager
Marine Jet Power (MJP) has welcomed Nils Morén as International Sales Manager responsible for sales in Israel, India, Taiwan and South Korea. In this role Nils will be responsible for business development and customer relations, reporting to MJP CEO, Magnus Sörenson. Morén originally joined MJP in 1996, during which time he was mainly responsible for sales for 14 years. During his tenure Morén was a key player and helped secure many notable contracts including orders worldwide.
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.
Petrogress Enters Joint Venture with EDT Offshore
Petrogress, Inc. has announced that its Petrogress Int’l, LLC (PIL) subsidiary has entered into a Memorandum of Understanding (MoU) with EDT Agency Services, Ltd. (EDT Offshore) to combine the companies’ operations at the Port of Limassol and additional port facilities in Cyprus. The MoU covers shorebase and offshore support services from the Port of Limassol, as well as future developments at Vassiliko Energy Port, where the Cyprus Port Authority has announced plans for a $300 million industrial and energy harbor.
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.
Evergreen Rolls Out Sea Freight Services for Alibaba Members
Evergreen Line has teamed up with Alibaba.com to provide Alibaba.com members with the option of booking sea freight services online with guaranteed space and prices. Evergreen Line has also appointed Evergreen Logistics Corporation as a designated provider of customized, comprehensive logistics solutions for Alibaba.com members opting for its sea freight services. The growth of e-commerce has resulted in small, fragmented orders from global buyers. Taking note of the need for user-friendly logistics services of smaller volume shippers…
ZIM Shuffles Greece Turkey Service
Container carrier ZIM has informed of an upgrade to its Greece Turkey Service (TGX) which will deploy three 1,700 TEU vessels starting May 2017 in the following rotation: Haifa – Ashdod – Antalya– Istanbul– Izmit– Gemlik– Istanbul– Piraeus – Thessaloniki – Izmir – Haifa. According to ZIM, the shuffle will offer expanded port coverage, as well as secured windows in Haifa (Monday) & Ashdod (Wednesday) and fast transit time from Thessaloniki and Izmir to Israel, particularly suited for the refrigerated trade.
Freightos Raises $25 Mln Extension Funding
Freightos, a logistics technology company bringing freight online, has announced the completion of a $25 million Series B extension round, led by GE Ventures, with participation by additional investors that bring the company’s total funding to $50 million. The funds will be used to scale the Freightos Marketplace globally while continuing development of Freightos’ software suite of global freight pricing, routing, and sales automation. Since its July 2016 launch, the Freightos Marketplace has grown exponentially…
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.
Maersk Ship the Largest to Ever Call in Israel
The 13,092 TEU containership Maersk Elba arrived at Haifa Port's Carmel Terminal, becoming the largest ship ever to dock in Israel. Maersk Elba entered the Carmel Terminal Thursday, and was operated on by four STS cranes with an average productivity of 136 containers per ship hour. This ship is part of the weekly service line operated by the 2M Alliance of Maersk and MSC linking the ports of South Korea, China and Singapore to Haifa Port, and from there continues to the Adriatic ports. A video of Maersk Elba entering Haifa Port is available here.