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News / Low freight rates and high bunker costs see Zim sail into the red

Tugboat and Zim Freighter
© Darryl Brooks | Dreamstime.com
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Israeli container shipping line Zim yesterday posted a net loss for 2018 of $119.9m, despite a 9.2% increase in revenue to $3.2bn, a four-year high.

Zim said depressed freight rates in the first half and high bunker costs were the primary causes, while a second-half rally ...

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