Indian Transport & Logistics

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ZIM increases 2024 guidance to EBIT of $2.15-2.45bn

21 Nov 2024 2:30 PM IST
For nine months of 2024, net income zoomed to $1.6 billion from a loss of $2.5 billion last year.

ZIM announces new operational agreement with MSC for 3 years

9 Sept 2024 4:55 PM IST
Agreement between ZIM and MSC includes slot swap and vessel sharing agreements.

Higher rates, volumes see ZIM report net income of $373mn in Q22024

19 Aug 2024 7:07 PM IST
Increases 2024 guidance to adjusted EBITDA between $2.6-3 billion and adjusted EBIT between $1.45-1.85 billion.

ZIM reports 2023 loss of $2.7bn on lower freight rates

13 March 2024 6:01 PM IST
For the fourth quarter of 2023, revenue declined 45% to $1.2 billion & net loss came in at $147 million

ZIM to deploy Hoopo's tracking devices

9 Jan 2024 8:16 PM IST
ZIM's smart container designed to improve supply chain management with power-efficient tracking solution

ZIM Q32023 net loss at $2.3bn, revenue drops 60%

16 Nov 2023 11:23 AM IST
Revenue declined 60% to $1.3 billion, driven by 66% decrease in freight rates & partially offset by increase in volumes

ZIM relaunches ZIM eCommerce Xpress service on China-USWC route

8 Nov 2023 6:48 PM IST
Originally introduced in 2020, ZEX service returns in view of the recent evolving needs of the e-commerce market

ZIM announces new collaboration with MSC on multiple trades

7 Sept 2023 4:46 PM IST
Mutually beneficial arrangement delivers cost efficiencies while upholding highest standards of service and reliability

ZIM revises 2023 outlook, may report loss of $500-100mn

12 July 2023 5:22 PM IST
ZIM's updated 2023 guidance is driven primarily by continued weakness in freight rates across all trades

ZIM expands 40Seas partnership to offer digital financing solutions

21 Jun 2023 6:20 PM IST
ZIM customers will be able to defer payment for freight charges for maximum period of 90 days from invoice date

ZIM report net loss of $58mn in Q1, revenue down 63% to $1.4bn

22 May 2023 5:37 PM IST
Carried volume declined 10% to 769,000 TEUs, average freight rate dropped sharply (64%) to $1,390/TEU

ZIM leads $8mn funding for Spinframe

17 May 2023 7:51 PM IST
Spinframe creates "Digital Twins" for vehicles throughout the supply chain
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