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Zim ups its full-year expectations after doubling revenue

Israeli Zim raises expectations for 2021 after more than doubling its revenue in the first quarter of the year.

Photo: Zim

Israeli container carrier Zim more than doubled its revenue in the first quarter of 2021, turning the bottom line into a solid profit and prompting the company to raise expectations for the full year, shows the first quarterly report, published on Wednesday.

Revenue in the first quarter came out to USD 1.74 billion, an increase of 112 percent compared to last year, following an increase in container freight rates, which surged in the beginning of the year and into the second quarter – with several records as a result.

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