News / Surging North American imports boosts Zim's first quarter bottom line

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Israeli container carrier Zim today bucked the recent trend of its peers in announcing first quarter results that showed an improvement on the same period year-on-year.

Revenues during the period grew 14% to reach $1.56bn, while adjusted EBIT swung from a $14m loss in the first quarter of 2023 to a $167m profit, implying an 11% margin.

The improved financial picture came largely on the back of stronger spot rates and higher volumes – it carried 846,000 teu during the period, a ...