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2023 outlook shocker: ZIM expecting sharp decline in adjusted EBITDA of $1.8-2.2bn & adjusted EBIT of $100-500mn

Funding comes as fintech startup emerges from stealth mode; ZIM also extends credit facility of approximately $100mn

Average freight rate was up 3% to $3,353/TEU, carried volume declined to 842,000 TEUs, down 5%

ZIM to operate LNG-fuelled vessels in Asia-USEC trade; agreement secures competitive terms and efficient LNG supply.

Reaffirms 2022 full year guidance, expects to generate record adjusted EBITDA of $7.8-$8.2 billion.

Funds to be used for developing Hoopo's technology for maritime industry, specifically dry containers.

Sodyo's scanning technology creates highly functional offline to online (O2O) solutions to understand workflows.

DSG to use funds to bolster development of e-volve, its holistic AI governance and decisioning management system.

Average freight rate per TEU in the first quarter was $3,848, a year-over-year increase of 100%.

Deal is for period of 7 years for a total consideration of approximately $600 million.

Average freight rate per TEU more than doubled to $2,786 for 2021 as against $1,229 for 2020.

NYSE-listed Israeli carrier ZIM Integrated Shipping Services signed a charter agreement with Navios Maritime Partners L.P. to charter thirteen...