Indian Transport & Logistics

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Container carriers' 2023 profitability near pre-pandemic levels

22 March 2024 5:21 AM GMT
ZIM, Yang Ming and Wan Hai recorded EBIT losses in FY2023; four shipping lines had EBIT of over $1bn

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

Schedule reliability drops in Nov, ZIM least reliable

29 Dec 2023 1:26 PM GMT
With 70 percent schedule reliability in November 2023, Evergreen was the most reliable top-13 carrier

Carriers' earnings drop to pre-pandemic levels

28 Nov 2023 2:00 PM GMT
COSCO reports largest EBIT/TEU of $289 in Q32023 followed by Hapag-Lloyd with $64 and HMM with $52

Port of Los Angeles cargo volume increases for 3rd month in Oct

18 Nov 2023 6:39 AM GMT
We’re pleased to welcome back Zim and its eCommerce Express service back to the Port of Los Angeles: Gene Seroka

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

Israel-Palestine war: Shipping business as usual, till now

17 Oct 2023 9:55 AM GMT
Major carriers continue to accept bookings in Israel even as the Israel-Palestine war enters its second week

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 Q2 net loss at $213mn, revenue drops 62%

16 Aug 2023 12:51 PM GMT
Average freight rate declines 67% to $1,193/TEU, carried volume was marginally higher at 860,000 during Q22023

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
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