News / Zim 2016 losses are mounting up, but container line says 'we can cope'

03/10/2016

Zim Integrated Shipping Services recorded a $74m net loss in the second quarter of the year.

This compares with a $23m profit in the same period of 2015, which the Israeli carrier blamed on “unprecedented low freight rates and severe market conditions”.

Second-quarter revenue dropped 19.8% year-on-year to $612m, with average ...

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