ZIM Shipping Reports Record $1.13 Billion Q3 Profit

The company attributes its strong performance to record cargo volumes, cost efficiencies, and fleet upgrades, raising its 2024 financial guidance.

ZIM Integrated Shipping Services achieved a net profit of $1.13 billion in Q3 2024, supported by record cargo volumes of 970,000 TEUs.
Revenue rose 12% year-over-year to $2.77 billion, with adjusted EBITDA and EBIT margins reaching 55% and 45%, respectively.
The company announced a total dividend payout of $440 million, including a $100 million special dividend, equating to $3.65 per share.
ZIM credited its performance to operational efficiencies, expanded fleet capacity, and strategic exposure to spot market rates in North America.
The company will complete the delivery of 46 new vessels by year-end, including 28 LNG-powered ships, positioning it for environmental compliance and future growth.