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Israel's Zim sees recovery continue after record profit

Container line Zim reports a record-high profit for the third quarter. The fourth quarter is expected to be at least as strong, projects CEO.

Photo: Stephen B. Morton/AP/Ritzau Scanpix

The results climbed to new heights for Israeli container line Zim in the third quarter.

The net profit came to USD 144.4 million, which is a new record, writes the company in an update. As such, Zim also confirms that the container lines are enjoying high freight rates and low fuel prices right now.

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