ZIM reports loss, renegotiates with creditors

MSC moves forward with standalone East/West trade network as Maersk advances the Gemini Cooperation with Hapag Lloyd.

ZIM returned to profitability by increasing its exposure to the spot market and benefiting from higher rates, leading to a raised full-year guidance.

Israeli container shipping company ZIM rebounds from last year’s Q1 loss amid improved freight rates.

ZIM reaffirms its alliance with ArrowSpot Systems for remote monitoring of reefer containers.

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.