East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
ID 102395421 © Vladimir Serebryanskiy | Dreamstime.com
Israeli container shipping carrier Zim today reported it overcame a marginal decrease in volumes in the third quarter to post a net profit of $5m.
This is a significant improvement over the $6.6m net loss recorded in the same period last year.
The line said it carried 725,000 teu in Q3, a 0.7% year-on-year decline on the third quarter of 2918, when it carried 730,000 teu.
However, revenues were up 0.2% year on year to $842m, on the back of a 0.3% increase ...
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