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2M cooperation helps ZIM back in the black

Israeli container line ZIM increased its revenue in the second quarter and reported a positive bottom line. This development is attributed to, among other factors, the company's cooperation with Maersk and MSC's 2M Alliance, according to CEO.

Photo: Zim/REUTERS-X00910

Israeli container line ZIM finished the second quarter with a higher revenue and a bottom line going from red to black.

The company, which is one of few top-20 shipping lines not part of one of the three big alliances, increased its revenue to USD 834.3 million in the second quarter of the year from USD 803.2 million in the same quarter 2018.

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