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ZIM Shipping Says ‘We Can Hope’ as Losses Mount

By Mike Wackett (The Loadstar) – Zim Integrated Shipping Services recorded a $74m net loss in the second quarter of the year. This compares with a $23m profit in the same period of 2015, which the Israeli carrier blamed on “unprecedented low freight rates and severe market conditions”. Second-quarter revenue dropped 19.8% year-on-year to $612m, […] The post ZIM Shipping Says ‘We Can Hope’ as Losses Mount appeared first on gCaptain.
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