ZIM Integrated Shipping reported robust Q3 2024 results with revenues of $2.77 billion and net income of $1.13 billion. The company achieved record quarterly volume of 970,000 TEUs, up 12% YoY, while average freight rates surged 118% to $2,480 per TEU. Adjusted EBITDA reached $1.53 billion with a 55% margin.The company declared a total dividend of $440 million, comprising a regular dividend of $340 million (30% of Q3 net income) and a special dividend of $100 million. The total distribution amounts to $3.65 per share. Net debt stood at $2.70 billion with a healthy net leverage ratio of 0.9x as of September 30, 2024.Based on strong performance, ZIM raised its full-year 2024 guidance, now expecting Adjusted EBITDA between $3.3-3.6 billion and Adjusted EBIT between $2.15-2.45 billion. The company will complete delivery of its remaining four newbuild containerships by year-end, positioning it well for profitable growth with an enhanced fleet suited for emissions reduction targets.

ZIM Integrated Shipping reported robust Q3 2024 results with revenues of $2.77 billion and net income of $1.13 billion. The company achieved record quarterly volume of 970,000 TEUs, up 12% YoY, while average freight rates surged 118% to $2,480 per TEU. Adjusted EBITDA reached $1.53 billion with a 55% margin.The company declared a total dividend of $440 million, comprising a regular dividend of $340 million (30% of Q3 net income) and a special dividend of $100 million. The total distribution amounts to $3.65 per share. Net debt stood at $2.70 billion with a healthy net leverage ratio of 0.9x as of September 30, 2024.Based on strong performance, ZIM raised its full-year 2024 guidance, now expecting Adjusted EBITDA between $3.3-3.6 billion and Adjusted EBIT between $2.15-2.45 billion. The company will complete delivery of its remaining four newbuild containerships by year-end, positioning it well for profitable growth with an enhanced fleet suited for emissions reduction targets.