Flush with cash, ZIM buys boxes and pays a special dividend

Net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).

ZIM’s investment in LNG-powered vessels underscores its dedication to reducing carbon emissions and embracing a more sustainable future for global shipping.

Haifa-headquartered ZIM Integrated Shipping Services has agreed a multi-trade operating alliance with Mediterranean Shipping Company (MSC)., a move it believes will “significantly enhance operational efficiencies and further elevate service levels for ZIM’s valued customers”.

Unable to secure contract rates that covered its costs, ZIM suspended a Transpacific service to LA in Q1; books net loss of $58M. 

Spinframe is a vehicle inspection system that creates digital twins of vehicles to detect damage and anomalies at points along the supply chain.

ZIM is adding the Sekstant door sensor to its growing fleet of Star Cool reefers with MCI’s remote reefer monitoring system..