News / Zim – 'a strong operational and financial performance' in a difficult 2019

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Despite a marginal decline in volumes, Israeli container carrier Zim has reported significant improvement in financial results last year.

In 2019, it earned revenue of $3.3bn, compared with $3.25bn in 2018, a 1.6% increase, which came on the back of a 3.7% increase in the average freight rate to $1,009 per teu compared with $973 per teu in 2018.

Total volumes were 2.8m teu compared with 2.9m teu in 2018.

Its adjusted ebitda was $385.9m, compared with $150.7m in 2018, and on this it ...