Israeli container carrier Q3 has reported a 6.1% YoY rise in Q3 2018 revenue to $840.7m and a 6.1% increase in volume to 1,945 thousand YoY , but high fuel costs and charter fees have led to a $6.6m net loss for the period. While Q3 brought a rise to freight rates it was not enough to offset other increased costs, creating a challenging business environment. Nevertheless, Zim 's operational co-operation with the 2M Alliance between Asia and the East Coast US was starting to contribute to overall results and was likely to "bear more fruits" in the future, according to Zim 's president.
Israeli container carrier Zim has reported a 2.9% YoY rise in Q3 2018 revenue to $840.7m and a 6.1% increase in volume to 730,000 TEU, but high fuel costs and charter fees have led to a $6.6m net loss for the period. While Q3 brought a rise to freight rates it was not enough to offset other increased costs, creating a challenging business environment. Nevertheless, Zim's operational co-operation with the 2M Alliance between Asia and the East Coast US was starting to contribute to overall results and was likely to "bear more fruits" in the future, according to Zim's president.