ZIM expands 40Seas partnership to offer digital financing solutions

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ZIM expands 40Seas partnership to offer digital financing solutions
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ZIM expands 40Seas partnership to offer digital financing solutions

ZIM customers will be able to defer payment for freight charges for maximum period of 90 days from invoice date

ZIM leads $8mn funding for Spinframe

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ZIM leads $8mn funding for Spinframe
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ZIM leads $8mn funding for Spinframe

Spinframe creates "Digital Twins" for vehicles throughout the supply chain

ZIM 2022 revenue up 12% at $12.5bn

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ZIM 2022 revenue up 12% at $12.5bn
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ZIM 2022 revenue up 12% at $12.5bn

2023 outlook shocker: ZIM expecting sharp decline in adjusted EBITDA of $1.8-2.2bn & adjusted EBIT of $100-500mn

40Seas gets $111 million funding from ZIM, Team8

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40Seas gets $111 million funding from ZIM, Team8
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40Seas gets $111 million funding from ZIM, Team8

Funding comes as fintech startup emerges from stealth mode; ZIM also extends credit facility of approximately $100mn

ZIM Q3 net income drops 20% on lower volume

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ZIM Q3 net income drops 20% on lower volume
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ZIM Q3 net income drops 20% on lower volume

Average freight rate was up 3% to $3,353/TEU, carried volume declined to 842,000 TEUs, down 5%