News / Zim down $1.5bn on Q2 22 and facing overcapacity as new ships arrive

Zim’s extreme first-quarter optimism may not quite have turned to despair, but another quarterly loss and no sign of a peak have left its outlook decidedly more conservative.

Indeed, Q2’s $213m net loss is four times that recorded in the three months to March ($58m), and well off the $1.3bn profit recorded this time last year, but CFO Xavier Destriau remained circumspect.

“As the year has gone on, our view on what we hoped would be a H2 pick-up changed, and we ...