News / Zim eyes more routes as revenue rockets, but rules out return to Asia-N Europe

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.

Part of its burgeoning war chest is ...