Indian Transport & Logistics

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Major carriers report 600% EBIT increase in Q32024

22 Nov 2024 6:15 PM IST
Of nine reporting carriers, eight reported an EBIT of over $1 billion, of which three reported EBIT of over $2 billion.

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.

No quid pro quo from shippers during market turns: Sea-Intelligence

20 Jun 2024 3:34 PM IST
Maersk had a potential loss in revenue of $15.7 billion during 2020-2023, ZIM gained over $4 billion

Container carriers' 2023 profitability near pre-pandemic levels

22 March 2024 10:51 AM IST
ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

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

Schedule reliability drops in Nov, ZIM least reliable

29 Dec 2023 6:56 PM IST
With 70 percent schedule reliability in November 2023, Evergreen was the most reliable top-13 carrier

Carriers' earnings drop to pre-pandemic levels

28 Nov 2023 7:30 PM IST
COSCO reports largest EBIT/TEU of $289 in Q32023 followed by Hapag-Lloyd with $64 and HMM with $52

Port of Los Angeles cargo volume increases for 3rd month in Oct

18 Nov 2023 12:09 PM IST
We’re pleased to welcome back Zim and its eCommerce Express service back to the Port of Los Angeles: Gene Seroka

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
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