HAIFA,
Israel, Nov. 27, 2023 /PRNewswire/ --
ZIM Integrated Shipping Services
Ltd. (NYSE: ZIM), a global container liner
shipping company, reaffirmed today its continued commitment to
serve the East Mediterranean and Israeli ports. Operations to and
from these ports will be maintained with the highest regard for
safety protocols which are essential to safeguarding the interests
of all stakeholders.
In light of the threat to safe transit of global trade in the
Arabian and Red Seas, ZIM is taking temporary proactive measures to
ensure the safety of its crews, vessels, and customers' cargo by
re-routing some of its vessels. As a result of these measures,
longer transit times in the relevant ZIM services are anticipated,
though every effort is being made to minimize disruptions.
ZIM is closely monitoring the situation to address potential
risks and ensure the ongoing safety and efficiency of its
operations.
ZIM will maintain the highest level of service to its
customers.
About ZIM
Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading
global container liner shipping company with established operations
in more than 90 countries serving approximately 34,000 customers in
over 200 ports worldwide. ZIM leverages digital strategies and a
commitment to ESG values to provide customers innovative seaborne
transportation and logistics services and exceptional customer
experience. ZIM's differentiated global-niche strategy, based on
agile fleet management and deployment, covers major trade routes
with a focus on select markets where the company holds competitive
advantages. Additional information about ZIM is available at
www.ZIM.com.
Forward-Looking Statements
The following
information contains or may be deemed to contain forward-looking
statements (as defined in the U.S. Private Securities Litigation
Reform Act of 1995). In some cases, you can identify these
statements by forward-looking words such as "may," "might," "will,"
"should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," the negative of these terms
and other comparable terminology. These forward-looking statements,
which are subject to risks, uncertainties and assumptions about the
Company, may include projections of the Company's future financial
results, its anticipated growth strategies and anticipated trends
in its business. These statements are only predictions based on the
Company's current expectations and projections about future events
or results. There are important factors that could cause the
Company's actual results, level of activity, performance or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements. Factors that could cause such
differences include, but are not limited to: market changes in
freight, bunker, charter and other rates or prices, supply-demand
fluctuations in the containerized shipping market, new legislation
or regulation affecting the Company's operations, new competition
and changes in the competitive environment, our ability to achieve
cost savings or expense reductions, the outcome of legal
proceedings to which the Company is a party, global, regional
and/or local political instability, inflation rate fluctuations,
capital markets fluctuations and other risks and uncertainties
detailed from time to time in the Company's filings with the U.S.
Securities and Exchange Commission (SEC), including under the
caption "Risk Factors" in its 2022 Annual Report filed with the SEC
on March 13, 2023.
ZIM contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
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SOURCE Zim Integrated Shipping Services Ltd.
