ZIM Integrated Shipping Services Ltd. (ZIM) is currently the 11th largest container shipping line in the world operating a modern fleet of ships and containers across a global network offering cargo transportation services on all major global trade routes..
ZIM recently had a positive 1st Quarter 2020 with total revenues reflecting an increase of 3.4% compared to 1st Quarter of 2019 with an increase of 70.2% in its operating cash flow compared to 1st Quarter 2019..
Although the recent escalation of the Covid-19 pandemic outbreak has significantly impacted global economies and adversely affected the volume of trades, ZIM continued to improve its commercial and financial performance and to expand its global network to its customers..
When releasing the results, Eli Glickman, ZIM President & CEO, said: “I’m pleased to report a significant improvement in ZIM’s performance, compared to the same period in 2019.
Despite the unprecedented impact of the Covid-19 crisis on the global economy in general and on the shipping industry in particular, ZIM was able to mitigate the adverse impact of the crisis, and Q1 2020 results show improvements in all parameters, compared to the same period in 2019, including strong cash generation and a continued deleveraging of our balance sheet.“..
Presumably buoyed with this positive mindset, ZIM has launched a new service in record time to cater to the growing e-Commerce market demand..
The New service is a speedy, dedicated service from South China to Los Angeles US West Coast which will commence on the 22nd of June 2020..
The service aptly named the Speedy ZIM eCommerce Xpress (ZEX), is a custom made service for time-sensitive cargo with a transit time of only 12 days from Yantian and DaChan Bay in South China to Los Angeles in the US West Coast making it the fastest service in the market..
As per ZIM, this service is designed to cater to the increasing needs of eCommerce customers, especially now due to the growing eCommerce demand following the COVID-19 crisis and the need for more air freight services, offering customers a fast Sea & Air freight solution..
The ZIM ZEX service will deploy 5 Sprinter vessels offering a Wednesday departure from Shenzhen (Yantian & DaChan Bay), late cut-off time, and will call at West Basin Container Terminal (WBCT) in Los Angeles..
The service also provides quick rail connections to additional destinations including Chicago, Memphis, Dallas, Kansas City and New York..
ZIM has also presented its A2ZIM premium service which comes with exclusive & dedicated customer service features.. The fastest transit time in the market and A2ZIM’s premium service makes the new ZEX service the best value for money offer for eCommerce & time-sensitive cargo on the market..
ZIM President and CEO Eli Glickman said“Once more we’re putting into practice our core values, our Agility and Can-Do-Approach, to identify fast-growing market needs – and provide a smart, express solution with the option to combine Expedite Sea & Air Freight solution, in record time. We listened to our customers and we made it happen! We are very proud of the new service, which is the fastest to the Pacific South West from SPRC, and I’m positive our customers will appreciate and enjoy the advantages it provides.”..
Nissim Yochai – EVP of Pacific Services said “ZIM is coming back to the Pacific South West (PSW) with a Fast, Punctual & Reliable service. We aim to serve our existing customers and a new segment of the growing eCommerce market with our unique, well-known personal touch. This service is also an excellent and reliable substitute for air freight, with much more affordable prices and the best value for money.”..
*** End of Article ***