Zim reported its first profitable quarter since 2022 with 1Q 2024 net profits
reaching $90.2m and EBIT at $167m for an EBIT margin of 11%. Zim’s full year
EBIT guidance was raised to between $0 to $400m from its previous projection of
between -$300m to $300m although management cited continued market uncertainty
in the second half for the wide range.
Zim’s total liftings increased by 10% to reach 846,000 teu with Transpacific
volumes rising by 27% while Asia-Med volumes dropped by 40%. Transp