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You are here: Home → Archive → 2010 → April → Weekly Edition 1st April 2010 → Zim full-year loss dips as volumes rise

Zim full-year loss dips as volumes rise

by Tom Leander, London — last modified Apr 14, 2010 04:02 PM

ZIM Integrated Shipping Services, the troubled box line owned by Israel Corp, posted a net profit of US$81m in the fourth quarter of 2009 and net losses of US$332m for the full year.

The line posted net losses of US$432m in 2008.
Conditions for Zim improved at the close of a trying second half, with volumes carried reaching 498,000 teu in the fourth quarter in comparison to 455,000 teu in the third quarter.

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