News / Determined to stand alone, niche player Zim is happy with Q3 results

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Just as the liner shipping market seems to be pointing only one way – towards larger, more consolidated companies – Israel’s Zim Lines, bucks the trend.

Zim, one of the last small-to-medium-sized carriers that continues to operate outside the alliance system, today reported a third-quarter EBITDA of $17.1m.

Adjusted EBITDA was $10.5m, compared with a loss of $15.9m in the second quarter and EBITDA profit of $37.8m in the third quarter of 2015.

The carrier halved its net losses year-on-year, reporting a net loss of $376m compared ...