Financials News

 

ZIM 2Q Revenues Plunge 62%

Aug 16, 2023

Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively impacted by a non-cash after tax item of $51 million related to the redelivery of certain vessels.Operating loss (EBIT) for the second quarter was $168 million…

SAAM Reports 40% Jump in Revenue

Nov 08, 2021

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548…

Logistics News

Wilson Sons Starts Testing Aerial Drone Deliveries at Brazilian Port

Wilson Sons Starts Testing Aerial Drone Deliveries at Brazilian Port

Canada Invests Over $17M to Modernize Halifax Port Authority's Infrastructure

Canada Invests Over $17M to Modernize Halifax Port Authority's Infrastructure

DP World Marks Record 8.3% Growth in Container Handling for 2024

DP World Marks Record 8.3% Growth in Container Handling for 2024

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

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