Zim Integrated Shipping Services reported a net profit of $2.15 billion for 2024, surpassing market forecasts and reflecting an 80% increase in revenue compared to the previous year. The company's strong financial performance was driven by rising freight rates and increased demand. Zim transported 3.75 million containers in 2024, marking a 14% increase. Looking ahead to 2025, Zim forecasts an adjusted EBITDA of $1.6-2.2 billion, assuming continued instability in shipping routes.
Original article source: https://www.jpost.com/business-and-innovation/article-845751
Source Id: 8586940081