Shipping & Logistics

Container freight rates are unsustainable and will have to rise, shipping line Zim warns

The forecast comes after the company posted its first loss in 11 quarters.

Zim chief financial officer Xavier Destriau questions whether cash-rich lines is a curse or a blessing — Zim chief financial officer Xavier Destriau questions whether cash-rich lines is a curse or a blessingPhoto: Shlomo Shoham

Published 23 May 2023, 18:40Updated 23 May 2023, 18:40