Zim Integrated Shipping Services Ltd is a global shipping and logistics company that specializes in containerized freight transportation
It operates a modern fleet of vessels and provides a range of maritime services, including cargo shipping and logistics solutions, to connect international markets. With a focus on innovation and efficiency, Zim aims to enhance supply chain operations for its customers by offering reliable shipping routes and value-added services. The company is committed to sustainability and aims to minimize environmental impacts through the use of advanced technologies and practices in its operations.
ZIM Integrated Shipping Services reports Q4 sales up 80% to $2.17B, beating consensus of $2.06B. EPS of $4.66 vs loss of $1.23 last year. Board declared $3.17/share dividend. 2025 outlook: adjusted EBITDA of $1.6B-$2.2B, adjusted EBIT of $350M-$950M.
CEO Eli Glickman highlighted that new capacity deployed on the Asia to U.S. East Coast trade route, successful expedited services to the U.S. West Coast, and expanded presence in Latin America helped drive market share gains.
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According to a report from CNBC, the International Longshoremen's Association and USMX met secretly on Sunday to discuss the issue of technology and automation ahead of formal contract bargaining.
Thousands of port workers may go on strike again as a temporary deal between the International Longshoremen's Association and United States Maritime Alliance reached in October is set to expire on Jan. 15.
