Indian Transport & Logistics

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ZIM reports 2023 loss of $2.7bn on lower freight rates

13 March 2024 12:31 PM GMT
For the fourth quarter of 2023, revenue declined 45% to $1.2 billion & net loss came in at $147 million

ZIM to deploy Hoopo's tracking devices

9 Jan 2024 2:46 PM GMT
ZIM's smart container designed to improve supply chain management with power-efficient tracking solution

ZIM Q32023 net loss at $2.3bn, revenue drops 60%

16 Nov 2023 5:53 AM GMT
Revenue declined 60% to $1.3 billion, driven by 66% decrease in freight rates & partially offset by increase in volumes

ZIM relaunches ZIM eCommerce Xpress service on China-USWC route

8 Nov 2023 1:18 PM GMT
Originally introduced in 2020, ZEX service returns in view of the recent evolving needs of the e-commerce market

ZIM announces new collaboration with MSC on multiple trades

7 Sep 2023 11:16 AM GMT
Mutually beneficial arrangement delivers cost efficiencies while upholding highest standards of service and reliability

ZIM revises 2023 outlook, may report loss of $500-100mn

12 July 2023 11:52 AM GMT
ZIM's updated 2023 guidance is driven primarily by continued weakness in freight rates across all trades

ZIM expands 40Seas partnership to offer digital financing solutions

21 Jun 2023 12:50 PM GMT
ZIM customers will be able to defer payment for freight charges for maximum period of 90 days from invoice date

ZIM report net loss of $58mn in Q1, revenue down 63% to $1.4bn

22 May 2023 12:07 PM GMT
Carried volume declined 10% to 769,000 TEUs, average freight rate dropped sharply (64%) to $1,390/TEU

ZIM leads $8mn funding for Spinframe

17 May 2023 2:21 PM GMT
Spinframe creates "Digital Twins" for vehicles throughout the supply chain

ZIM 2022 revenue up 12% at $12.5bn

13 March 2023 11:51 AM GMT
2023 outlook shocker: ZIM expecting sharp decline in adjusted EBITDA of $1.8-2.2bn & adjusted EBIT of $100-500mn

40Seas gets $111 million funding from ZIM, Team8

10 Jan 2023 1:47 PM GMT
Funding comes as fintech startup emerges from stealth mode; ZIM also extends credit facility of approximately $100mn

ZIM Q3 net income drops 20% on lower volume

16 Nov 2022 12:49 PM GMT
Average freight rate was up 3% to $3,353/TEU, carried volume declined to 842,000 TEUs, down 5%
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