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Zim reports best quarter in 2 years

Ocean

Tuesday, November 27, 2012

Zim reported a net profit of $16 million in the third quarter, compared to a $66 million loss in the same 2011 period. Revenues were $1.06 billion, 9 percent more than in the same period last year. The Israel-based shipping company called it the best result since the third quarter of 2010. Looking forward, in an interview with American Shipper , Rafi Danieli, the chief executive officer of Zim, said “the basic factors in the industry remain unch...

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