News / Zim reports 'improved' results in Q3 as VSA with 2M continues to pay dividends

ID 102395421 © Vladimir Serebryanskiy | Dreamstime.com

Israeli container shipping carrier Zim today reported it overcame a marginal decrease in volumes in the third quarter to post a net profit of $5m.

This is a significant improvement over the $6.6m net loss recorded in the same period last year.

The line said it carried 725,000 teu in Q3, a 0.7% year-on-year decline on the third quarter of 2918, when it carried 730,000 teu.

However, revenues were up 0.2% year on year to $842m, on the back of a 0.3% increase ...