ZIM's delayed interim report shows major million dollar deficit

After long delays, Israeli container carrier ZIM has published its interim report for the second quarter 2016, which shows a deficit of USD 74 million. The delay is attributed to refinancing negotiations which are now settled.

Photo: ZIM

While most competitors are now calculating the results from the recently-closed third quarter, Israeli container carrier ZIM has only just published its report for the second quarter 2016.

The three-month period booked a loss of USD 74 million in spite of the fact that the carrier increased the number of transported containers to 617,000 teu. This corresponds to an increase of 6.9 percent from the first quarter 2016.

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