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ZIM Integrated Shipping Services Ltd. - $ZIM STOCK NEWS

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

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 Ltd.'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 Ltd.'s position in the market.

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.
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Rhea-AI Sentiment
End-of-Day
-10.27%
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Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) to release Q2 2023 financial results on August 16, 2023. Conference call and webcast scheduled for 8:00 AM ET. Dial +1-800-715-9871 (US), +972-3-376-1144 (Israel), +44-(0)20-3481-4247 (UK/international) to access the call.
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4.03%
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News
Rhea-AI Summary
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) updated its 2023 guidance, expecting an Adjusted EBITDA of $1.2-$1.6 billion and an Adjusted EBIT loss of $500-$100 million due to weak freight rates and lower than forecasted volume growth. The company plans to manage its fleet and services to maximize cash position and anticipates improved cost structure with newbuild LNG vessels.
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-4.48%
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-1.59%
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partnership
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-16.16%
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2.48%
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dividends
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6.59%
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ZIM Integrated Shipping Services Ltd.

NYSE:ZIM

ZIM Rankings

ZIM Stock Data

2.27B
94.21M
21.7%
22.93%
27.13%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
United States of America
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.