News / Ambitious Zim heads for the acquisition trail after massive Q2 profit

New York Stock Exchange-listed container line Zim is looking to accelerate its growth via acquisitions, after recording a net profit of $888m in the second quarter from a 44% increase in its liftings.

The Israeli carrier’s Q2  profit was higher than that accumulated over the past five years.

Revenue for the second quarter was $2.38bn, compared with $795m in Q2 20, from carryings of 921,000 teu, with a well-above industry par average rate of $2,341 per teu.

Its net income at the half-year ...