ZIM says freight rates are “close to the bottom”

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.

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.