Indian Transport & Logistics

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40Seas gets $111 million funding from ZIM, Team8

10 Jan 2023 7:17 PM IST
Funding comes as fintech startup emerges from stealth mode; ZIM also extends credit facility of approximately $100mn

ZIM Q3 net income drops 20% on lower volume

16 Nov 2022 6:19 PM IST
Average freight rate was up 3% to $3,353/TEU, carried volume declined to 842,000 TEUs, down 5%

ZIM announces $1bn LNG bunkering deal with Shell

31 Aug 2022 6:40 PM IST
ZIM to operate LNG-fuelled vessels in Asia-USEC trade; agreement secures competitive terms and efficient LNG supply.

Reliability continues to improve; Maersk still most reliable carrier

30 Aug 2022 7:15 PM IST
Average delay for late vessel arrivals have been dropping sharply so far this year.

ZIM Q2 net profit up 50% at $1.3bn on higher freight rates

17 Aug 2022 5:03 PM IST
Reaffirms 2022 full year guidance, expects to generate record adjusted EBITDA of $7.8-$8.2 billion.

ZIM invests $5.5mn in tracking solutions provider Hoopo

12 Aug 2022 2:00 PM IST
Funds to be used for developing Hoopo's technology for maritime industry, specifically dry containers.

ZIM announces additional investment of $5mn in Sodyo

2 Aug 2022 12:09 PM IST
Sodyo's scanning technology creates highly functional offline to online (O2O) solutions to understand workflows.

ZIM to invest $6 million in Data Science Consulting Group

21 Jun 2022 6:07 PM IST
DSG to use funds to bolster development of e-volve, its holistic AI governance and decisioning management system.

ZIM to earn $8bn in 2022, reports record Q1 earnings

18 May 2022 5:07 PM IST
Average freight rate per TEU in the first quarter was $3,848, a year-over-year increase of 100%.

ZIM steps up capacity building, charters 6 more vessels

30 March 2022 5:57 PM IST
Deal is for period of 7 years for a total consideration of approximately $600 million.

Big carriers get significant tonnage tax advantage

15 March 2022 8:41 PM IST
Hapag-Lloyd had a tax benefit of $10.7/TEU, translating to an advantage of $127 million.

ZIM announces record 2021 numbers, bullish on 2022

9 March 2022 8:01 PM IST
Average freight rate per TEU more than doubled to $2,786 for 2021 as against $1,229 for 2020.
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