ZIM reports $1.78bn Q3 revenues driven by drop-in freight rates and volume | Container news

Israeli container liner company ZIM Integrated Shipping Services (ZIM) reported revenues for the third quarter of $1.78bn, compared to $2.77bn for the third quarter of 2024, a year-over-year decrease of 36%, mainly driven by the decrease in freight rates as well as a smaller decline in carried volume.

Net income for the third quarter stood at $123m, compared to $1,126m for the same period of 2024, also mainly driven by the decrease in revenues.

ZIM’s adjusted Ebitda for the quarter was $593m, a year-over-year decrease of 61%, compared to $1,531m for the third quarter of 2024.

Adjusted Ebit was $260m for the third quarter of 2025, compared to $1,236m for the same period last year.

The company has updated its full-year 2025 guidance and now expects to generate adjusted Ebitda between $2.0bn and $2.2bn and adjusted Ebit between $700m and $900m.

Previously, the company expected to generate adjusted Ebitda between $1.8bn and $2.2bn and adjusted Ebit between $550m and $950m.

Eli Glickman, president and chief executive officer of ZIM, indicated that the company’s performance demonstrates resilience in a volatile rate environment, influenced by a complex geopolitical landscape, frequent changes in tariff policies and an ongoing global trade war.

“With larger, more modern, cost-effective capacity, we continued to capitalize on our agile fleet deployment strategy, which enables ZIM to respond quickly to developments in market conditions, now facing downward pricing pressure,” he stated.

As ZIM navigates into the last quarter of 2025, Glickman cautioned about the fourth quarter weak market conditions. However, the company is increasing the midpoints of its 2025 guidance ranges based on its strong performance to date.

Mr. Glickman concluded, “The current market environment has been marked by disruptions and fluctuations more frequent and acute than in the past. Amidst such uncertainty, our focus remains on controlling what we can and taking proactive steps to drive sustainable and profitable growth over the long term. Overall, we believe our differentiated commercial strategy, enhanced fleet profile, and improved cost structure position ZIM to weather near-term volatility and deliver long-term value for shareholders.”