News / Synergy with 2M sees Zim back in calmer financial waters in Q2

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Israeli ocean carrier Zim returned to the black in the second quarter of the year, after reaping the benefits of an improving market and its operational cooperation with the 2M alliance.

Total revenue in Q2 was $834m, up 3.9% on the same period of 2018, from liftings of 731,000 teu, 5.3% below the number of containers carried the previous year.

Significantly, Zim’s average rate improved by 9.5%, to $993 per teu, resulting in a net profit of $5.1m, compared with a loss ...