Outsider Zim booked bigger deficit in Q1

Zim, which is one of the few container carriers not absorbed by an alliance, booked a larger deficit in the first quarter of this year than the year prior. Three elements are the fault of management, which is otherwise optimistic due to higher freight volumes.

Photo: Zim Integrated Shipping Services

Higher bunker prices, lower freight rates and higher charter costs lead to an increased deficit for container carrier Zim in Q1 of this year.

The Israeli carrier, which has opted not to take part in the large container alliances, increased revenue and freight volumes over the period.

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