ZIM Shares Surge 17% After Strong Q2 Earnings and Raised Profit Forecast
Shares of ZIM Integrated Shipping Services Ltd. (ZIM) saw a significant 17% increase on Monday, following earnings…
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Maersk Reports Q2 Profit, but Trails Competitors
Maersk, the Danish shipping giant, returned to profitability in the second quarter, driven by improved shipping…
ZIM Expects No Losses in 2024 Amid War and Rising Profits
Israeli shipping company ZIM Integrated Shipping Services Ltd. has revised its earnings forecast for 2024 reporting…
ZIM Faces Losses in 2023, Eyes Profit in 2024
Israeli carrier ZIM disclosed a substantial net loss of USD 2.7 billion for the fiscal year 2023, primarily…
Container Shipping Industry Faces First Negative Operating Margins Since 2018
Top carriers average operating margins plunging into negative territory for the first time since 2018, according to…
HMM’s Annual Profit Dips 90% but Remains in Profit Territory
Hyundai Merchant Marine (HMM), South Korea's leading container carrier, saw its net profit for 2023 plummet by 90%…
Container Shipping Industry Faces Profit Challenges
Carriers’ average operating margin falls to 1.5% generalizing profit challenges in the container shipping industry,…
HMM: USD 70 Million Q3 Profit Amidst Industry Challenges
South Korean Shipping Giant HMM Faces Tough Quarter as Partial Privatization Unfolds amidst industry challenges,…
COSCO Quarterly Net Earnings Plummet to USD 650 Million
COSCO SHIPPING announced a substantial decline in its quarterly net earnings, with a net profit of RMB 4.78 billion…
Italian Media Reports MSC Profit at USD 38 Billion in 2022
Mediterranean Shipping Company (MSC) achieved an astounding annual net profit of EUR 36.3 billion (USD 38.2…