Zim has managed to stay in the black after tough years with deficits on the bottom line. This is reflected in the interim report for the second quarter.
The container carrier achieved a net income in the second quarter of USD 23 million, which is an improvement from the loss of USD 50 million in the same period 2014. Revenue did not keep up with the growth however, and landed at USD 763 million in the second quarter this year compared to USD 875 million in the same period last year.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
West Coast dockworkers continue negotiations after contract expiration
Union and employers expect to finalize a new labor contract covering 22.000 dockworkers on the U.S West Coast. Cargo will keep moving during negotiations.
Drewry eyes beginning of the end of major container upswing
The container market has turned and can see the beginning of the end of the extreme upswing. New numbers from World Container Index shows a ”material weakening” in spot rates, according to analyst.
Lars Kastrup becomes sole CEO of container carrier PIL
After over a year of sharing the helm of Pacific International Lines (PIL) with Gan Chee Yen, Lars Kastrup has been appointed the sole CEO of the Singapore-based container carrier.
CMA CGM to lower freight rates – but only for domestic customers
The world’s third largest container carrier responds to the French Ministry of Finance’s call by lowering container rates by approximately 10% for French retail chains, writes Reuters.
Clipper turns loss into profit in Danish company – "sensible progress" within dry bulk
Clipper’s Danish company Clipper Group, which includes RoRo carrier Seatruck Ferries, has turned red figures into the biggest profit in five years. The large dry bulk business, which Clipper does not disclose any numbers for, has progressed the last year and a half, says top exec.
Assistant Operations Manager 
Technical Security Manager 
Crewing officer 
Head of Vessel Operations 
Head of Airfreight 
Safety Leadership & Transformation Manager 
Senior Sales Manager 
Senior Legal Counsel with a focus on Offshore Renewables 
Experienced Bunker Trader - Dubai