$ZIM Third Quarter 2022 Highlights
Net income for the third quarter was $1.17 billion (compared to $1.46 billion in the third quarter of 2021), or $9.66 per diluted share2 (compared to $12.16 in the third quarter of 2021)
Adjusted EBITDA for the third quarter was $1.93 billion, a year-over-year decrease of 7%
Operating income (EBIT) for the third quarter was $1.54 billion, a year-over-year decrease of 17%
Revenues for the third quarter were $3.23 billion, a year-over-year increase of 3%
Carried volume in the third quarter was 842 thousand TEUs, a year-over-year decrease of 5%
Average freight rate per TEU in third quarter was
$3,353, a year-over-year increase of 4%
Net leverage1 ratio of 0.0x at September 30, 2022, similar to December 31, 2021
Declared dividend of approximately $354 million, or $2.95 per share, representing approximately 30% of third quarter net income
Announced a ten-year liquefied natural gas (LNG) purchase agreement with Shell to supply the LNG-fueled vessels that will be deployed on ZIM’s Asia to USEC trade