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. ZIM’s total revenue stood at USD 840.7 million in Q3 2018 The company said it expects its operating margin will be between 8% and 10% this year as oil prices remain low. 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. The company said it expects its operating margin will be between 8% and 10% this year as oil prices remain low. 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.