Economico
As a leading carrier and shipping company with worldwide reach, ZIM has varying degrees of influence on the activities of different sectors and economies around the world.
We connect imported and exported goods to markets around the world, and serve both private individuals and commercial customers worldwide with an ongoing and expanding service offering.
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ZIM’s 2023 Business Strategy
In 2019 ZIM management laid the first milestones of the company’s new business strategy through 2023 with the new corporate vision: “Innovative Shipping Dedicated to You”.
This new strategy promotes ZIM as a global carrier with global expertise and a customer-centric focus.
The new Company Vision and Values are also incorporated within this strategy: Can-Do Approach, Results-Driven, Agile, Sustainability and Togetherness.
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Economic Impact And Market Changes
As an international company operating in the global arena, we are influenced by market fluctuations, changes in the shipping sector and wider global trends.
These bring us opportunities for growth and improvement, as well as risks and challenges we need to address.
During 2019, we saw numerous trends and challenges in the global maritime shipping sector, among them:
- Alliance restructuring and larger vessel deployment
- Efforts to reduce the carbon footprint and improve the environmental performance of international shipping
- Increased adoption of technologies for tracking shipments and managing inventory
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2019 Financial Results
| 2019 | 2018 | 2017 | |
|---|---|---|---|
| EV Produced | |||
| Income from voyages and related services | 3,299,761 | 3,247,864 | 2,978,291 |
| Other operating income | 38,099 | 5,317 | 4,235 |
| Share of profits of associates | 4,725 | 5,359 | 7,594 |
| Total EV Produced | 3,342,585 | 3,258,540 | 2,990,120 |
| EV Distributed | |||
| Cost of operating activities | (3,189,563) | (3,281,756) | (2,847,475) |
| Finance expenses, net | (154,300) | (82,505) | (117,049) |
| Income taxes | (11,766) | (14,132) | (14,233) |
| Dividend to NCI | (5,298) | (5,148) | (4,059) |
| Total EV Distributed | (3,360,927) | (3,383,541) | (2,982,816) |
| Detailed information about our yearly financial performance is presented in out 2019 annual report. | |||
Click here to read the full Economic chapter on the report.