News / 'Mind-boggling' container line profits: where will all that money go?

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The “mind-boggling profitability” of the container lines has led to industry questions on how they will spend their buckets of cash.

But Randy Giveans, senior VP equity research at Jefferies, revealed to The Loadstar Podcast  what one carrier, Zim Lines, is planning to do with its money.

Noting that Zim’s ebitda guidance effectively doubled from the first quarter to the second, between $4.8bn and $5.2bn, he said the numbers were “mind-boggling”.

“It’s an incredible earnings infusion,” he said. “In March, we thought rates ...