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Vessels will be constructed at Zhoushan Changhong Shipyard in China, with delivery expected between 2027 and 2028.

Volume carried increased 14% to 3.7 million TEUs, and average freight rate was up 57% at $1,888 per TEU.

Of nine reporting carriers, eight reported an EBIT of over $1 billion, of which three reported EBIT of over $2 billion.

For nine months of 2024, net income zoomed to $1.6 billion from a loss of $2.5 billion last year.

Agreement between ZIM and MSC includes slot swap and vessel sharing agreements.

Increases 2024 guidance to adjusted EBITDA between $2.6-3 billion and adjusted EBIT between $1.45-1.85 billion.

Maersk had a potential loss in revenue of $15.7 billion during 2020-2023, ZIM gained over $4 billion

ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

For the fourth quarter of 2023, revenue declined 45% to $1.2 billion & net loss came in at $147 million

ZIM's smart container designed to improve supply chain management with power-efficient tracking solution

With 70 percent schedule reliability in November 2023, Evergreen was the most reliable top-13 carrier

COSCO reports largest EBIT/TEU of $289 in Q32023 followed by Hapag-Lloyd with $64 and HMM with $52