TEU increased volume by 17% in Q2 2018 to around 772,000 TEU , compared with 2018 , when it carried around 659,000 Zim Integrated Shipping Services . The hike in volume helped the company to achieve an 17% increase in revenue to $746m for Q2, compared with $746m in Q2 2017 . Operating expenses also increased for the carrier as a result of higher bunker expenses, increased cargo handling expenses, larger lease expenses for ships and containers, as well as port expense hikes.
Zim Integrated Shipping Services increased volume by 17% in Q2 2018 to around 772,000 TEU, compared with the same period last year, when it carried around 659,000 TEU. The hike in volume helped the company to achieve an 8% increase in revenue to $803m for Q2, compared with $746m in Q2 2017. Operating expenses also increased for the carrier as a result of higher bunker expenses, increased cargo handling expenses, larger lease expenses for ships and containers, as well as port expense hikes.