ZIM published improved results for Q3 2016, posting a loss of USD 37.6M, compared to a loss of USD 74.2M in Q2 2016.
During Q3 2016, ZIM carried 622,000 TEUs, compared to 581,000 TEUs in the same period of 2015, a 7.1% increase.
The average revenue per TEU decreased by 20.8%, to about USD 887, in Q3 2016, compared to USD 1,120 in the same period of 2015. The company’s income for the three months ended 30 September, 2016 was USD 643.9M compared to USD 749.0M for same period of 2015, a 14% decrease, driven by a sharp reduction in freight rates.