Israeli ocean carrier ZIM announced its results for the previous year, following the trend of the rest of the major container lines, according to which the companies’ financial figures in 2023 are significantly lower than in 2022.
In particular, ZIM’s total revenues were US$5.16 billion for the full year of 2023, compared to US$12.56 billion in the previous year, driven primarily by the decrease in freight rates. Notably, the average freight rate per TEU was US$1,203 in 2023, compared to...
https://container-news.com/zim-reports-us2-7-billion-annual-net-loss-amidst-financial-downturn/