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News  ›  Benzinga

ZIM Q3 Revenue Falls On Lower Freight Rates Amid Global Trade Volatility

Benzinga Logo Benzinga By Lekha Gupta
ZIM Q3 Revenue Falls On Lower Freight Rates Amid Global Trade Volatility

ZIM Integrated Shipping reported a 36% year-over-year revenue decline to $1.78 billion, driven by lower freight rates and reduced cargo volume. Despite challenges, the company maintained profitability and remains focused on adapting to market volatility.

Insights
ZIM   negative

Revenue declined 36% Y/Y, freight rates dropped 35%, carried volume decreased 5%, and adjusted EBITDA fell 61%, indicating significant market challenges and reduced financial performance