Put behind five consecutive quarters of declining revenues, of which the last four closed at a loss, in the first three months of 2024, ZIM's turnover has returned to growth and The net economic result returned to territory positive. The increase in turnover was determined by the a recovery in the value of the average freight rate recorded by the company of Israeli containerized shipping that in the first quarter of This year, it was $1,452 per TEU container transported (+4.5%) as well as the +10.0% increase in volumes of cargoes transported during the period of the ZIM fleet that are results equal to 846 thousand TEUs.

In the first three months of 2024, the company's revenues were amounted to almost $1.6 billion (+13.7%), of which over $1.2 billion billions generated by maritime transport activities alone containers (+15.0%) including €609.3 million (+42.2%) from transpacific maritime services of the ZIM which in the period transported 348 thousand TEUs (+27.0%), 185.0 million (+8.3%) deriving from Asia-Europe services, which transported 70 thousand TEUs (-39.7%), €164.7 million (-24.0%) from transatlantic services, which transported 139 thousand TEUs (+27.5%), 122.9 million (-23.7%) generated from intra-Asian services that transported 173 thousand TEUs (-21.0%) and €147.3 million (+60.3%) deriving from services with Latin America, which transported 116 thousand TEUs (+127.5%).

In the first quarter of this year, the operating costs of the increased by +15.0% to almost 1.1 billion Dollars. Ebitda totalled €427.0 million (+14.5%) and operating profit €166.6 million compared to a -$13.9 million in the first half of the year, quarter of 2023. The net economic result was also from a negative value of -€58.1 million in the first three months last year to a positive value of 92.1 million Dollars.

Expressing satisfaction with the results achieved by the company in the first quarter of 2024, the Chairman and ZIM's Chief Executive Officer, Eli Glickman, announced a Upward revision of the full-year forecast 2024 that the Israeli company now plans to file with Adjusted EBITDA in the range of $1.15 billion to $1.55 billion compared to an adjusted EBITDA of €1.05 billion in FY 2023 and compared to the previous forecast of 850 million for the full year 2024. In addition, the EBIT value is now expected adjusted for the year 2024 is between zero and 400 million compared to the previous forecast of a sign-based result negative for -€300 million and compared to a result for the full 2023 negative sign of -422 million dollars.

Glickman explained that the improvement in expected results is related to the recent increase in the value of sea freight rates that the Israeli company believes it will continue in the next few years. "Looking ahead," he specified, "we now expect that Freight rates will continue to be high for longer than initially expected due to the combination of the persistent pressure on the supply and availability of equipment and recent increase in demand. Even if the trend in freight rates during the the latter part of 2024 remains an unknown," Glickman said - we are confident in the strategic positioning of the ZIM as a An agile player in container shipping with a modern, competitive and cost- and cost-efficient fleet fuel'.

Glickman recalled that by the end of this year, ZIM will take delivery of the last 16 of the 46 ships that make part of the company's newbuild programme, which They include 28 units powered by liquefied natural gas.