News / Restructured ZIM sails back into the black, but final quarter disappointed

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Israeli niche trades container line Zim recorded an adjusted net profit of $50m for 2017, following a loss of $150m in 2016 – but the carrier slipped back into the red in the final quarter.

Zim’s total revenue last year was up 17% on 2016 to $2.98bn, as it loaded 8% more containers on its ships to reach 2.6m teu.

Operating profit (ebitda) was $246m, versus a negative of $50m in 2016.

President and chief executive Eli Glickman said: “I’m proud to say that Zim’s ...