Termination of vessel sharing agreement

MSC & ZIM have decided to cease their cooperation on the North Europe – East Med trade.Within said reorganization, the joint service on MSC’s Israel Express will terminate effective as from end of March 2022.The last vessel of this joint service will be MSC LAUSANNE, southbound from Felixstowe ETA 7 March and northbound from Haifa ETA 29 March.MSC will continue to operate the Israel Express service as per the current ... [+]

Zim Records Highest Quarterly Profits Ever

Israeli carrier Zim recorded its highest quarterly profits in Q3 net profit of $144.4 million, a whopping 2,818% increase over the $5 million it recorded in the third quarter of 2019. Adjusted ebitda of $262.1 million in the third quarter was also a record, and compares with $106.8 million in Q3 ... [+]

ZIM Announces a Strategic Investment in Ladingo

ZIM announced that it has made a strategic Investment in Ladingo on February 27 that the steamship line claims is “A Move that will Lead to a B2C Revolution.” ZIM announced that it has made a direct investment in the technology company Ladingo, which just closed a $1M funding round. ZIM ... [+]

ZIM and the 2M Alliance Announce a Major Expansion

ZIM and the members of the 2M Alliance, Maersk and MSC, recently announced a second strategic cooperation agreement following the agreement announced in July 2018 in the Asia-US East Coast Trade. The new strategic operational agreement, which will be a combination of Vessel Sharing, Slot exchange and purchase, covers two additional ... [+]

NC Ports Set for Unprecedented Growth with New Services

The inaugural port call of the ZIM Shanghai on June 18 marked the fourth new container service activated at the Port of Wilmington in the last two months.  North Carolina Ports has doubled its container services in calendar year 2017 and is set for unprecedented growth in its next fiscal ... [+]

CMA CGM, Zim sign up with Alibaba

News agency Reuters reports that CMA CGM has signed a memorandum of understanding with Alibaba to begin cooperating on the OneTouch platform for routes such as Qingdao to Barcelona or Ningbo to Venice. OneTouch was acquired by Alibaba in 2010 and targets small and medium-sized Chinese exporters with online services such ... [+]

ZIM to Enhance Atlantic Network

ZIM is significantly upgrading of its Atlantic network, offering improved connections between US, Canada and the Mediterranean, starting April 2017, subject to FMC approval. • ZIM Container Service Italy (ZCI) - A new premium string, offering improved service to the Italian and French markets, connecting with Canada and the US East Coast, ... [+]

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