This statistic highlights Zim Integrated’s Total Carried Volume, reported on a quarterly basis from Q1 2016 onwards.
ZIM is in container shipping and has established itself as a leading global shipping company. ZIM’s strategy works as a digitally oriented carrier offers unique advantages, advanced digital tools, and a reputation as a top industry performer. ZIM’s unique strategy is a digital-oriented, asset-light, global niche carrier that offers distinctive advantages, allowing the company to provide innovative and premium customer-centric services while maximizing profitability. Through this focused strategy, they enhanced digital tools, and a reputation as a top industry performer with high schedule reliability and service quality, ZIM is positioned over to continue to expand its leadership and achieve best-in-class margins.
Zim Integrated’s Total Carried Volume
| Category |
Q3 2020 |
Q2 2021 |
Q3 2021 |
| Carried volume |
0.7 |
0.9 |
0.8 |
(All figures are in millions)
Zim Integrated’s Total Carried Volume increases by YOY and QOQ basis. Earlier in Q3 2020 company holds a revenue of $0.7 million while in the next year Q3 2021 it rises to $0.8 million showing an increase of 14.28%.
What is Total Carried Volume is referred to as?
Carrying value is a term used in business to represent the worth of a company’s assets. It refers to the act of carrying the cost of an asset over various accounting periods, as they’re writing off its value over time. If they’re responsible for the organization’s accounting, it’s also important to understand how to calculate carrying value on a balance sheet to determine an accurate worth.
How to calculate Total Carried Volume?
To calculate carrying value, we first must determine the annual depreciation amount for an asset. Companies sometimes use this method called straight-line depreciation:
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From the original cost of an asset, subtract the amount you expect to receive for it once it has served its usefulness.
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Divide the difference into several years you expect the asset to function well. The quotient here is the depreciation amount, which accumulates with every year of asset use.
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At the end of the asset’s useful life, subtract total accumulated depreciation to determine the asset’s carrying value.
About The Company
Zim Integrated is launched in Israel in 1945, then became a pioneer in container shipping in the early 1970s, and has established itself as a leading global, asset-light container liner shipping company. They provide customers with innovative seaborne transportation and logistics services, covering the world’s major trade routes and focusing on select markets where they have competitive advantages and can maximize our market position.
In a dynamic or changing shipping and logistics environment, ZIM has set itself apart as a carrier with a fresh, unique approach. Supporting their central mission of providing the highest levels of customer service, they have implemented an innovative, data-driven strategy promoting digitization and introducing creative solutions to the market aimed at meeting customers’ evolving needs. As part of their “Innovative Shipping” vision, they rely on careful analysis of data, including business and artificial intelligence, to better understand the needs of their customers and digitize their products, without compromising their long-standing reputation for a distinctly personal approach to customer relations. They operate and innovate as a truly customer-centric company, constantly striving to provide a best-in-class product offering. The asset-light model, which differentiates the relative to their competition, enables them to benefit from a flexible cost structure and operational efficiency. This, in turn, increases profitability and allows them to better serve their customers.
They did operations in select trades across five geographic trade zones, ZIM also worked as s significant market participant with a sizeable market share and global footprint. These trades include regions like Transpacific, Cross Atlantic, Cross Suez, Intra-Asia, and Latin America.
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