ZIM profits $4.6 billion for the year

Icel, Turkey - May 24, 2020 : Container vessel Zim Shekou sailing into the Port of Turkey.

ZIM Integrated Shipping Services, an Israeli container line, has released its operating and financial figures for the full year of 2022.

ZIM reported handling 3.38 million TEU in 2022, a 3 per cent decrease from the previous year.

ZIM reported a total net income of $4.6 billion in 2022.

ZIM reports that the elevated freight rates were the main cause of the carrier’s overall revenues rising to $12.5 billion in 2022 from $10.7 billion in 2021.

READ: ZIM enhances Asia-US East Coast connection

“We are pleased to have drawn on our strong performance to declare a fourth-quarter dividend of approximately $769 million, or $6.40 per share,” stated Eli Glickman, President & CEO of ZIM.

This report comes less than a month after ZIM and HAI AN Transport and Stevedoring Joint-stock Company (HATS) announced a new joint venture to provide domestic shipping services in Vietnam.

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