News / 'Revitalised' Zim reports biggest profit in its 75-year history

ID 102395421 © Vladimir Serebryanskiy | Dreamstime.com

Israeli ocean carrier Zim has posted its first annual profit for three years – and the biggest in its 75-year history – recording a net income of $524m for 2020 and claiming it is a “revitalised company”.

Zim carried an-above industry par 0.7% more containers last year than in 2019, at 2,841,000 teu, and revenue jumped 21%, compared with the previous year, to $4bn, for an ebitda of $1.04bn, up from $399m in 2019.

Its average freight rate was also up, by 21%, ...