Great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday.
The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were $14.17, handily beating the consensus forecast of $13.19.
Full-year adjusted earnings before interest, taxes, depreciation and amortization came in at $6.6 billion, topping...
https://www.freightwaves.com/news/shipping-mints-even-more-money-as-supply-chain-squeeze-drags-on