Marginal gains on east-west ocean container routes in a challenging week
Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially ...
Photo: Zim
By Mike Wackett
Zim’s strategy of launching new services in high-demand markets, while restricting its contract portfolio on the transpacific, boosted its first-quarter liftings growth and average rate per teu above the industry par.
Where most carriers have reported year-on-year declines in volumes in Q1, due to port congestion, the Israeli carrier saw liftings rise 5%, to 859,000 teu, on the back of ten new services since the beginning of the year, including intra-Asia routes and Asia-Australasia.
Zim’s revenue soared 113% on the same period ...
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