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February 12, 2016 5:02 PM ET

Marine

Company Overview of ZIM Integrated Shipping Services Ltd.

Company Overview

ZIM Integrated Shipping Services Ltd. provides cargo transportation services worldwide. The company offers transportation of various types of cargoes, including oversized/heavy, refrigerated, hazardous, and out of gauge large and heavy cargoes, as well as perishable goods. It also offers door to door project management services; on-line cargo and container tracing services; vessel and container information solutions; E-services; and land transportation tariff solutions. The company was formerly known as ZIM Israel Navigation Company Limited and changed its name to ZIM Integrated Shipping Services Ltd. in August 2004. The company was founded in 1945 and is headquartered in Haifa, Israel with ...

9 Andrei Sakharov Street

Matam Scientific Industries Center

P.O.B. 1723

Haifa,  31016

Israel

Founded in 1945

Phone:

972 4 865 2111

Fax:

972 4 865 2956

Key Executives for ZIM Integrated Shipping Services Ltd.

Chief Executive Officer and President
Age: 63
Chief Financial Officer
Chief Operations Officer
President of Asia Pacific Region
Compensation as of Fiscal Year 2015.

ZIM Integrated Shipping Services Ltd. Key Developments

ZIM Integrated Shipping Services Ltd., Q3 2015 Fixed Income Call, Dec 09, 2015

ZIM Integrated Shipping Services Ltd., Q3 2015 Fixed Income Call, Dec 09, 2015

ZIM Integrated Shipping Services Ltd. Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2015

ZIM Integrated Shipping Services Ltd. announced financial results for the third quarter and nine months ended September 30, 2015. For the quarter, adjusted EBIT was $12 million, compared to $14 million for the third quarter of 2014. Adjusted EBITDA was $38 million, compared to $41 million for the third quarter of 2014. EBITDA was $61 million, compared to negative $97 million for the third quarter of 2014. Net income was $11 million, compared to net loss of $63 million for the third quarter of 2014. Operating cash flow was $17 million, compared to $37 million for the third quarter of 2014. For the nine months, adjusted EBIT was $123 million, compared to negative $17 million for the same period of 2014. Adjusted EBITDA was $197 million, compared to $86 million for the same period of 2014. EBITDA was $197 million, compared to negative $39 million for the same period of 2014. Net income was $35 million, compared to net loss $192 million for the same period of 2014. Operating cash flow was $156 million, compared to $79 million for the same period of 2014.

ZIM Reportedly Engages Merrill Lynch And Barclays For IPO

Unit of Kenon Holdings Ltd. (TASE:KEN), ZIM Integrated Shipping Services Ltd. is looking to get listed and is said to have been engaged advisors for the same. According to sources close to the matter, the company has hired Merrill Lynch unit and Barclays Plc to lead an Initial Public Offering (IPO) in U.S. Earlier, ZIM had planned to raise more than $500 million in a Hong Kong IPO. Maor Aharoni, a spokesman for the company said in an e-mail, “Zim has been contemplating going public and other financing options since 2007. This strategy has not changed. We have nothing to report at this time and don’t comment on rumors.” According to the news report, Barclays did not respond for comments while Merrill Lynch spokeswoman in Israel, declined to comment by text message and calls and e-mails to Kenon representatives in Singapore, Israel and the U.S. were not immediately returned. Kenon’s shares gained 6.8% in Tel Aviv.

Similar Private Companies By Industry

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ZIM Integrated Shipping Services Ltd. Middle East/Africa
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