ZIM reports Q2 net loss of more than US$210 million - India Shipping News

Israeli container shipping company ZIM reported an 87% drop in Q2 adjusted EBITDA to $275 million and a 62% decrease in Q2 revenues to $1.31 billion. The company also saw a net loss of $213 million, compared to a net income of $1.3 billion in Q2 2022. Despite these challenges, ZIM maintains a strong cash position of $3.2 billion and expects to generate adjusted EBITDA of $1.2 billion to $1.6 billion for the full year 2023. The company remains confident in its strategic positioning for long-term profitable growth.

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