More great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday.
The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were $14.17, handily beating the consensus forecast of $13.19. Net income for the year was $4.65 billion.
Full-year adjusted earnings before interest, taxes, depreciation and amortization came in at $6.6 billion, topping guidance for $6.2 billion-$6.4 billion.
