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Major carriers report 600% EBIT increase in Q32024
22 Nov 2024 6:15 PM ISTOf 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 ISTFor 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 ISTAgreement 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 ISTIncreases 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 ISTMaersk 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 ISTZIM, 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 ISTFor 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 ISTZIM'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 ISTWith 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 ISTCOSCO 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 ISTWe’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 ISTRevenue declined 60% to $1.3 billion, driven by 66% decrease in freight rates & partially offset by increase in volumes