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Photo: Zim
Israeli shipping company Zim reported a year-on-year trebling of third-quarter revenues as its average rate per teu soared and volumes grew 16%.
The Nasdaq-listed line posted an adjusted ebitda for Q3 of $2.08bn, compared with $262m in Q3 20, on the back of $3.14bn in revenue, following $1.01bn last year.
It carried 884,000 teu during the period, at an average rate per teu of $3,226, a year-on-year increase of 174% on last year’s $1,176 per teu.
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