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Zim Integrated Shipping Services Ltd - ZIM STOCK NEWS

Welcome to our dedicated news page for Zim Integrated Shipping Services (Ticker: ZIM), a resource for investors and traders seeking the latest updates and insights on Zim Integrated Shipping Services.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zim Integrated Shipping Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zim Integrated Shipping Services's position in the market.

News
ZIM Reports Financial Results for the Fourth Quarter and the Full Year of 2023
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. reported a net loss of $2.69 billion for the full year 2023, a significant decrease compared to the net profit of $4.63 billion in 2022. The company's total revenues for 2023 were $5.16 billion, down 59% year-over-year. Adjusted EBITDA for the full year was $1.05 billion, an 86% decrease from the previous year. ZIM's operating loss for 2023 was $2.51 billion, driven by a non-cash impairment loss of $2.06 billion. Despite challenges, ZIM is focusing on strategic transformation, fleet renewal, and cost efficiency to enhance its position in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.64%
Tags
earnings
-
News
ZIM to Release Fourth Quarter and Full Year 2023 Results on Wednesday, March 13, 2024
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) will release its Q4 and full year 2023 financial results on March 13, 2024. A conference call and webcast will be held for a corporate update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
earnings
-
News
ZIM Announces Agreement with Hoopo Systems to Deploy Hoopo's Tracking Devices on ZIM's Dry-Van Container Fleet
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is at the forefront of technological innovation in the maritime industry with the wide-scale deployment of cutting-edge tracking devices in its dry-van container fleet. The agreement with Hoopo Systems Ltd. underscores ZIM's dedication to delivering unparalleled solutions to its customers, offering comprehensive tracking information, geofence alerts, open/close door notifications, and more, while ensuring high reliability and durability combined with significant cost and energy efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.93%
Tags
none
News
ZIM Announces Measures in Response to Threats in the Arabian and Red Seas
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reaffirms its commitment to serving the East Mediterranean and Israeli ports while taking temporary proactive measures to ensure the safety of its crews, vessels, and customers' cargo. Longer transit times are anticipated due to re-routing of some vessels, but efforts are being made to minimize disruptions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
News
ZIM Reports Financial Results for the Third Quarter and the First Nine Months of 2023
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reported a net loss of $2,270 million for Q3 2023, driven by weak demand and deteriorating freight rates. The company revised its 2023 full-year guidance, now expecting an Adjusted EBITDA of $900-$1,100 million and an Adjusted EBIT loss of $600-$400 million. ZIM's liquidity remains strong at approximately $3.1 billion, enabling it to weather market weakness and continue cost control measures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
Tags
earnings
-
News
ZIM to Release Third Quarter 2023 Results on Wednesday, November 15, 2023
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. will release its Q3 2023 financial results on November 15, 2023, before the U.S. financial markets open. A conference call and webcast will be held to review the results and provide a corporate update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
earnings
News
Ship4wd Facilitates Global Supply Chain Flow for Small and Medium-Sized Businesses with $3M of Credit Utilized by Customers in the First Month of New Financing Solution
Rhea-AI Summary
Ship4wd provides over US$3 million in credit lines to SMBs, improving cash flow for importers and exporters
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
none
-
News
ZIM Announces a New Operational Collaboration Agreement with MSC on Multiple Trades
Rhea-AI Summary
ZIM Integrated Shipping Services announces operational cooperation agreement with MSC to enhance efficiencies and service levels
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.99%
Tags
none
-
News
Ship4wd Recognized as Best Freight Forwarder for Small and Mid-sized Businesses in the U.S. and Canada at the 11th Annual Global Brand Awards
Rhea-AI Summary
Ship4wd awarded Best Freight Forwarding Company for SMBs in the United States and Canada, recognized for industry-leading innovation in leveling the global supply chain playing field for SMBs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
Tags
none
News
ZIM Reports Financial Results for the Second Quarter of 2023
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. reported revenues of $1.3 billion, a net loss of $213 million, adjusted EBITDA of $275 million, and adjusted EBIT loss of $147 million for the second quarter of 2023. The company carried 860 thousand TEUs, with an average freight rate per TEU of $1,193. ZIM expects to generate adjusted EBITDA of $1.2 billion to $1.6 billion and adjusted EBIT loss of $500 million to $100 million for the full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.27%
Tags
earnings
Stock ZIM logo
Zim Integrated Shipping Services Ltd

NYSE:ZIM

ZIM Rankings

#2061 Ranked by Market Cap
#4992 Ranked by Stock Gains
N/A Ranked by Dividends

ZIM Stock Data

1.22B
94.21M
21.7%
22.93%
27.13%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Israel
P O B 1723

About ZIM

for over 60 years, the zim team has taken a flexible, out-of-the-box approach towards solving difficult shipping challenges. no matter how remote the destination or how unusual the load, we work around the clock -- and around the globe -- to deliver your cargo safely and swiftly. that is why our 30,000+ customers have made zim their first choice among global shippers. they appreciate our high level of service and continual efforts to create trustworthy and long lasting relationships. with four operational headquarters, an extensive regional office network and agents throughout the world, we are accessible to your entire organization, wherever it is located. to reduce your total supply chain costs, we have created a network of logistics centers offering full range of services, including freight forwarding, customs brokerage, consolidation and deconsolidation, off-dock container terminals, warehousing, trucking and container repair, and more.