ZIM Reports Record Financial Results for the First Quarter of 2022
Retrieved on:
Wednesday, May 18, 2022
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HAIFA, Israel, May 18, 2022 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2022.
Key Points:
- Net income for the first quarter of 2022 was $1,711 million, compared to $590 million for the first quarter of 2021.
- ZIM carried 859 thousand TEUs in the first quarter of 2022, compared to 818 thousand TEUs in the first quarter of 2021.
- The average freight rate per TEU was $3,848 for the first quarter of 2022, compared to $1,925 for the first quarter of 2021.
- Capital expenditures totaled $183 million for the first quarter of 2022, compared with $133 million for the first quarter of 2021.