Israeli flag carrier Zim has reported a 2.9 % YoY rise in Q3 2018 revenue to $ 840.7 m and a 6.1 % increase in volume to 730,000 TEU , but high fuel costs and charter fees have led to a $ 6.6 m net loss for the period . While Q3 brought a rise to freight rates it was not enough to cover other fuel costs , creating a challenging business environment . 2017 EBIT was $16.1 million compared to $53.8 million in Q3 2017 Nevertheless , Zim 's operational co - operation with the 2 M Alliance between Asia and the East Coast US was expected to contribute to overall results and was likely to " bear more fruits " in the future , according to Zim 's president .
Israeli flag carrier Zim has reported a 2.9 % YoY rise in Q3 2018 revenue to $ 840.7 m and a 6.1 % increase in volume to 730,000 TEU , but high fuel costs and charter fees have led to a $ 6.6 m net loss for the period . While Q3 brought a rise to freight rates it was not enough to cover other fuel costs , creating a challenging business environment . Nevertheless , Zim 's operational co - operation with the 2 M Alliance between Asia and the East Coast US was expected to contribute to overall results and was likely to " bear more fruits " in the future , according to Zim 's president .