Zim sails back into the black

Another day, another ocean carrier that has turned the corner from loss to profit in Q2.

In the case of niche container line Zim, unlike rival Hapag-Lloyd, it was also in the black for the half-year.

Zim turned around a deficit of $64m in Q2 last year into a net profit of $12.5m, resulting in a cumulative positive of $6.1m for the six months.

Interestingly, like Maersk Line, Zim’s average rate per teu surged on the improved fundamentals, by 16%, but unlike Hapag-Lloyd, ...