Israeli shipping giant ZIM's revenue dropped significantly in 2023

Israeli shipping giant ZIM recently announced its 2023 annual performance report. ZIM's total revenue in 2023 dropped sharply to 5.16 billion US dollars, compared with 12.56 billion US dollars in 2022. This change was mainly driven by the sharp drop in freight rates. Last year, the average freight rate per TEU was only 1,203 US dollars, far lower than 3,240 US dollars in 2022.

In addition, ZIM suffered a net loss of $2.7 billion last year and achieved a net income of $4.6 billion in 2022. The adjusted EBITDA also plummeted from $7.5 billion to $1 billion, while ZIM announced an adjusted EBIT loss of $422 million last year, which is a significant performance gap compared with the EBIT of $6.1 billion in 2022.

Eli Glickman, president and CEO of ZIM International, said:"We have made great progress in promoting strategic transformation and have begun to achieve the expected favorable results. We are actively improving the cost structure, enhancing business flexibility and contributing to reducing carbon emissions. Our fleet renewal plan is proceeding as planned. After the new ship is delivered, ZIM's fleet will be more cost-effective, fuel efficient and sustainable."

He further pointed out:"Our cost per TEU is declining, and it is expected that 22 excellent new ships will be delivered in the rest of this year, which will further improve our operational efficiency. We will continue to review services to meet the changing needs of customers and seize attractive growth opportunities."

Glickman concluded:"Although the market is still full of uncertainties, our strong cash position enables us to maintain a long-term vision and focus on creating sustainable value for customers and shareholders. Looking ahead, we will continue to take decisive measures to benefit from the strategic transformation and expect ZIM to achieve an unprecedented strong position in 2025 and beyond." 

以色列海运巨头以星2023年收入显著下滑

       以色列海运巨头ZIM近日公布了其2023年度业绩报告，ZIM在2023年全年的总收入锐减至51.6亿美元，与2022年的125.6亿美元相比，降幅明显。这一变化主要受到运费大幅下降的驱动，去年每TEU的平均运费仅为1203美元，远低于2022年的3240美元。

       此外，ZIM去年还遭受了27亿美元的净亏损，而2022年则实现了46亿美元的净收入。调整后的EBITDA也从75亿美元骤降至10亿美元，同时ZIM宣布去年调整后的EBIT为亏损4.22亿美元，相较于2022年的61亿美元EBIT，业绩差距显著。

      以星国际总裁兼首席执行官Eli Glickman对此表示：“我们在推进战略转型方面取得了重大进展，并已经开始实现预期的有利结果。我们正在积极改善成本结构，增强商业弹性，并为减少碳排放做出贡献。我们的船队更新计划正按计划进行，新船交付后，ZIM的船队将更具成本效益、燃油效率和可持续性。”

       他进一步指出：“我们的每TEU成本正在不断下降，预计今年剩余时间内将交付22艘优秀的新船，这将进一步改善我们的运营效率。我们将继续审查服务，以满足客户不断变化的需求，并抓住有吸引力的增长机会。”

       Glickman总结道：“尽管市场仍充满不确定性，但我们强劲的现金状况使我们能够保持长远眼光，专注于为客户和股东创造可持续价值。展望未来，我们将继续采取果断措施，从战略转型中获益，并期待以星在2025年及以后达到前所未有的强大地位。”