Houthis declare blockade of port of Haifa – 'vessels calling will be targets'
Yemen’s Iran-backed Houthi militia is attempting to impose a naval blockade of Israel’s port of ...
Photo: Zim
Israeli shipping company Zim reported a year-on-year trebling of third-quarter revenues as its average rate per teu soared and volumes grew 16%.
The Nasdaq-listed line posted an adjusted ebitda for Q3 of $2.08bn, compared with $262m in Q3 20, on the back of $3.14bn in revenue, following $1.01bn last year.
It carried 884,000 teu during the period, at an average rate per teu of $3,226, a year-on-year increase of 174% on last year’s $1,176 per teu.
Part of its burgeoning war chest is ...
Comment on this article