Indian Transport & Logistics

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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

WaveBL secures $26 million Series B round

7 Jun 2023 6:21 AM GMT
Funding, led by NewRoad Capital Partners, will fuel WaveBL's market expansion in digital trade documents sector

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, Shell complete 1st LNG bunkering under 10-year deal

28 March 2023 11:06 AM GMT
Kingston, Jamaica new LNG bunkering location for Shell, expanding global network to 16 locations across 11 countries

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

January schedule reliability drops MoM

2 March 2023 7:41 AM GMT
Maersk was the most reliable carrier in January with 58.3% followed by MSC with 57.7%

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%

ZIM announces $1bn LNG bunkering deal with Shell

31 Aug 2022 1:10 PM GMT
ZIM to operate LNG-fuelled vessels in Asia-USEC trade; agreement secures competitive terms and efficient LNG supply.

Reliability continues to improve; Maersk still most reliable carrier

30 Aug 2022 1:45 PM GMT
Average delay for late vessel arrivals have been dropping sharply so far this year.

ZIM Q2 net profit up 50% at $1.3bn on higher freight rates

17 Aug 2022 11:33 AM GMT
Reaffirms 2022 full year guidance, expects to generate record adjusted EBITDA of $7.8-$8.2 billion.
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