NYSE-listed ZIM Integrated Shipping Services reported a net income of $373 million for the second quarter of 2024 as against a net loss of $213 million in Q2203 on higher freight rates and volumes. Revenue increased 48 percent to $1.93 billion on 11 percent volume growth at 952,000 TEUs, says an official release. "Average freight rate per TEU in the second quarter was $1,674, a year-over-year increase of 40 percent," the release added.
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