News / Zim sails through the rates storm to turn in its third consecutive quarterly profit

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Despite a “challenging environment”, Israeli carrier, Zim Line, still managed to squeeze out a net profit in the third quarter of the year.

Many of its peers sank heavily into the red, dragged down by the sub-economic freight rates that have blighted so many trades in the second half of the year.

The carrier, which withdrew its Asia-Europe service last year after restructuring its debt, has fallen to 18th position in the container carrier league table, with a 1.8% market share following ...