Xavier Destriau: Yes. I think it’s very linked to the second one. At the end of the day, we not today aim at going aggressively more than 50%, which has been pretty much the norm in the past for the company. We don’t have here an objective to go and lock and secure significantly higher percentage of contract cargo. We truly believe that at the Transpacific, we have a compelling proposition in terms of the lines that we operate, the services that we operate. The deployment again of a unique deployment of LNG tonnage on the main trade between Asia to the U.S. East Coast, that again are attracting a lot of attention from our customer base because, of course, they see that as a way for them to reduce their own carbon footprint. So we are hopeful that and quite optimistic in a way that we will manage to deliver on our volume assumptions for next year without having to change the philosophy in terms of spot versus contract exposure.
And then I think your last question was what about a potential shift of cargo between the East Coast and the West Coast now that the discussions with the unions are taking place for the terminals on the East Coast? We don’t know, I mean, clearly the discussions are ongoing as we speak and we know that there are some timelines and deadlines that some of them are approaching soon. We today do not feel that there is a panic from our customer base to move cargo away from the East Coast to the West Coast. Time will tell what happens and what is the outcome of the discussions. But as we speak, as of today, we don’t see or we don’t feel any significant movement from — or actions taken by our customers to shift cargo from East to West. Maybe I would add that we are now also increasingly present on the West Coast with now three services that we operate between Asia to the U.S. West Coast, two — I mean, in two that we operate, one where we jointly operate with a partner, but that is also us increasing our footprint on the trade between Asia to the U.S., LA and also Pacific Northwest.
Sathish Sivakumar: Thank you, Xavier. That’s quite helpful. Thank you.
Operator: Your next question comes from the line of Oystein Vaagen with Fearnley Securities. Your line is open. Oystein, perhaps your line is on mute.
Oystein Vaagen: Can you hear me now?
Operator: Yes.
Oystein Vaagen: Hey, guys. Just a quick one from me, which kind of relates to the previous question. I see other revenues, or call it non-containerized revenues, are up quarter-on-quarter. Would you be able to give some kind of a split or color on how much car carriers that is, and how much demerge another? And if possible, how we should think about this going forward?
Xavier Destriau: Yes. I think I can be quite precise as to the number — the revenue that we generated out of our car carrier activity, which is in — slightly in excess of $500 million for the full year of 2023. And if we were to consider what will be the outlook for 2024, we’re going to be in a similar ballpark, continue to operate the same capacity, which is 16 ships.
Oystein Vaagen: Perfect. Thank you.
Operator: This concludes our Q&A session. I’ll turn the call to Eli Glickman for closing remarks.
Eli Glickman: Thank you. During a challenging year, our employees across the globe maintained a steadfast on achieving the highest operational standards and delivering an exceptional level of customer care demonstrated by the better-than-ever results from our ’23 annual customer experience service. We’d like to personally thank the entire ZIM team for the commitment and dedication, especially in light of the industry and operational challenges, as well as, the ongoing war. In ’23, we advance ZIM strategic transformation as planned and are pleased with the progress we’ve already made to enhance ZIM’s future commercial and operational industry position. Based on our strong liquidity, we will maintain our long-term view and intend to continue to take decisive steps to further benefit from our strategic transformation and emerge in a stronger position than ever in ’25 and beyond. Thank you again for joining us today. Have a great day.
Operator: Thank you. This concludes today’s conference call. We thank you for joining. You may now disconnect your lines.
