Zim Q3 revenues highest in four years, but profits fall

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Zim may have recorded its highest quarterly revenues in four years ($841m versus $817m in 2017), but profits fell dramatically in the three months to September. Hellenic Shipping News reports Zim’s ebitda fell almost half, year on year, to $44.3m, compared with $84m on 2017. Despite this, chief executive Eli Glickman sounded upbeat, noting that the carrier had been facing a “challenging and volatile” business environment. Mr Glickman suggested the coming quarters could see those revenue increases turned into better profitability.