The results stem from continued improved operational efficiency, enhanced customer interface, as well as additional sailings from
Asia to US East Coast, as part of the development of this trade. In addition, ZIM has recently announced the inauguration of a new line, the ZIM Seven Star Express (Z7S), connecting South China, South East Asia and the Indian sub-continent with the US East Coast via the Suez Canal and back. The Z7S, with one of the best transit times between South China, Vietnam, Singapore and Colombo, will be operated exclusively by ZIM, and will deploy 10X5,000/6,500 TEU vessels.
ZIM President and CEO Rafi Danieli: “We are very pleased with our performance in this quarter and the return to profitability. The continuing improvement of our business results stems directly from the comprehensive initiatives the company advances,
implementation of the business plan which focuses on opening new lines in profitable trade areas and seizing business opportunities, as well as improves operational efficiency, enhancing customer relations and the sharp reduction in fuel prices. At the same time we see the continued stagnation of the global economy and the volatile fuel prices, and we are taking steps to face these challenges.”