ZIM sees spike in both revenues and container volumes

The Israeli container carrier ZIM has announced astonishing financial and operational figures during the second quarter and the first half of the year.

ZIM has generated its highest ever quarterly net income of US$888 million and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$1.34 billion in the second quarter of the year.

Meanwhile, the company’s total revenues were US$4.13 billion for the first half of 2021, compared to US$1.62 billion for the first half of 2020, primarily driven by an increase in revenues from containerised cargo, reflecting increases in freight rates as well as in carried volume.

The Haifa-based container line has carried more than 1.7 million TEU during the first six months of 2021, which represents a year on year 44% increase, with an average freight rate per TEU of US$2,145, almost double the rate per TEU for the first half of the previous year.

Source: Container News

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https://container-news.com/zim-sees-spike-in-both-revenues-and-container-volumes/

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