NYSE-listed ZIM joined other carriers in increasing its 2024 earnings outlook on higher rates, improved volumes and specific focus on spot volumes on the Transpacific trade. ZIM is now expecting an adjusted EBITDA of $3.3-3.6 billion and an adjusted EBIT of $2.15-$2.45 billion, says an official release. Danish carrier Maersk had earlier raised its earnings outlook, and is expecting an underlying EBIT of $5.2-5.7 billion for the full year 2024 on the back of strong Q3 results combined with strong container market demand and the continuation of the Red Sea/Gulf of Aden situation. Maersk now expects global container market growth for the full year to be around six percent (previously 4-6 percent).
Thursday, 21 November 2024
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ZIM increases 2024 guidance to EBIT of $2.15-2.45bn
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