Zim bleeds red on weak pricing but restructures debt
Zim Integrated Shipping Services gained some financial stability after restructuring its debt, as “historically low freight rates” pulled the Israeli container line to a $74 million loss in its fiscal second quarter.
The carrier’s year-over-year loss fell on a 19.8 percent plunge in revenue, to $611.8 million, despite volume rising 6.9…
Zim bleeds red on weak pricing but restructures debt
Journal of Commerce