News / Zim enjoys record growth at double the market rate

ID 135493417 © Darryl Brooks | Dreamstime.com

Israeli container shipping line Zim beat Wall St expectations after reporting healthy third-quarter results, which record a volume growth at over double the market rate.

And it said that, with some 35 vessels in its fleet due to come off charter next year, it was in a strong position to flex its fleet capacity should the market suffer a downturn in 2025.

Zim today reported a year-on-year quarterly revenue growth of 117%, to $2.77bn, and an adjusted EBIT of $1.24bn, representing an ...