ZIM turns in better results

Net loss for the full year, including a $2.06 billion non-cash impairment loss, was $2.69 billion (compared to a net profit of $4.63 billion for the full year of 2022).

Following a service expansion in 2021, ZIM has now opened its own regional office in New Zealand.

Operating margins remain very strong and the guidance for the full year is an adjusted EBITDA of US$7.8B-8.2B and adjusted EBIT of US$$6.3B-6.7B

Hoopo Systems is an Israeli tech company specialising in power-efficient, end-to-end tracking and monitoring

Australia’s WiseTech Global has partnered with ZIM Integrated Shipping Services to improve customer experience through a direct data connection between their systems

Freight rates will “normalise” but they are not coming back to pre-covid levels says ZIM’s CFO.