Recently, Israel-based international container shipping company ZIM reported record-breaking performance in 2024, achieving a significant recovery with total revenue reaching 8.43 billion, a 63% year-on-year increase, and a net profit of

8.43billion,a632.15 billion, marking a major turnaround from the $2.69 billion loss in 2023.

ZIM attributed its success to growth in cargo volume and increased freight rates, with annual cargo volume rising by 14% to 3.751 million TEUs.

ZIM President and CEO Eli Glickman stated, "We are delighted and proud of the company's outstanding performance in 2024, during which we achieved record-breaking cargo volumes and exceptional profitability. Based on our continued progress in enhancing capacity and optimizing cost structures, we delivered the best performance in our history, excluding the special COVID period. In line with our commitment to returning capital to shareholders, the announced dividends, along with those distributed during 2024, totaled 7.98 per share, or 7.98 pershare, or 961 million, representing approximately 45% of our full-year net income." He added, "The benefits of our fleet transformation were evident throughout 2024, reflected in our strong financial performance and cargo volume growth that far exceeded the overall market. Thanks to our large vessels, which are well-suited to meet emission reduction targets and fit our operational sectors, our cargo volume grew by 14% year-on-year, compared to a market average growth rate of about 6%, while achieving excellent profit margins.

Factors driving our market share growth include the deployment of new capacity on the Asia-US East Coast route, the success of our expedited services to the US West Coast, and our expansion in the Latin American market."

Glickman concluded, "Entering 2025, our operations will be more agile, with modernized capacity that is more cost and fuel-efficient, 40% of which is powered by LNG. We acknowledge that our industry is highly volatile, and current uncertainties related to geopolitics, international political dynamics, as well as economic, fiscal, and monetary policies have exacerbated this volatility. However, we are confident in our flexible approach and competitive position in the industry. Our outlook for 2025 adjusted EBITDA is 1.6 to

1.6to2.2 billion, and adjusted EBIT is 350 to 350 to 950 million, assuming that trade conditions in the Red Sea region will not normalize until the second half of this year at the earliest."