Zim losses widen in 1Q

Wednesday, May 30, 2012
   The liner carrier Zim saw its first quarter losses widen from the same period in 2011, according to financials released by the line Wednesday.    Zim suffered a net loss of $163 million in the period, more than the $151 million lost in the first three months of 2011.    The line said its container volume rose 3 percent year-on-year in the quarter to 570,000 TEUs. It did not release information on revenue, but said its average freight rate per TEU decreased from $1,283 in th...
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