ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) shares spiked about 8% after the container shipping and related services company announced its consolidated results for the three and twelve months ended December 31, 2021. Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase of 366%, or $14.17 per diluted share, net income for the full year was $4.65 billion (compared to $524 million for the full year of 2020), a year-over-year increase of 787%, or $39.02 per diluted share.<\/p>\n\n\n\n
“2021 was a transformative year for ZIM. We kicked off the year with listing our shares on the world’s leading capital market in\u00a0New York, and have not looked back since. The many accomplishments of the past year and our remarkable performance, both financially and operationally, are the direct outcome of the unrivaled execution of our talented and dedicated management team and employees around the world, supported by the Board. In 2021, we took important steps to best position ZIM for long term enduring growth and value creation for our shareholders. We remain focused on maintaining our strong execution and agility in 2022 and beyond, while advancing the highest standards of corporate governance and responsibility.”<\/p>Yair Seroussi, Chairman of the Board of Directors<\/cite><\/blockquote>\n\n\n\nIn addition, earlier this\u00a0February, the Company announced the formal extension and modification of its operational collaboration agreement with the\u00a02M\u00a0alliance partners. Effective\u00a0April 2, 2022, ZIM and the\u00a02M\u00a0alliance partners will operate their joint services on the\u00a0Asia\u00a0\u2013 US East Coast (USEC) and\u00a0Asia\u00a0\u2013 US Gulf Coast (USGC) trades based on a slot exchange and vessel sharing agreement.<\/p>\n\n\n\n
“In our first year as the only global container liner listed on New York Stock Exchange, ZIM has achieved historically extraordinary results and executed on commitments made during our IPO process. ZIM’s agility and proactive strategies enabled us to unlock significant shareholder value during a time of unique and unprecedented challenges. With another quarter of exceptional financial performance, we generated our highest ever full year of revenues, adjusted EBITDA, net profit and operating cash flows, while once again delivering industry-leading margins. We also ended the year with a net positive cash position and strong financial flexibility.”<\/p>Eli Glickman, ZIM President & CEO<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) shares spiked about 8% after the container shipping and related services company announced its consolidated results for the three and twelve months ended December 31, 2021. Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase… View Article<\/a>","protected":false},"author":3,"featured_media":18841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,11,16],"tags":[],"acf":[],"yoast_head":"\nZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021 - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021 - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) shares spiked about 8% after the container shipping and related services company announced its consolidated results for the three and twelve months ended December 31, 2021. Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase... View Article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"MarketDepth\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/marketdepthnews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-09T16:21:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-09T16:21:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/03\/ContainerShip-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1708\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MarketDepth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:site\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MarketDepth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\"},\"author\":{\"name\":\"MarketDepth\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\"},\"headline\":\"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021\",\"datePublished\":\"2022-03-09T16:21:46+00:00\",\"dateModified\":\"2022-03-09T16:21:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\"},\"wordCount\":373,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"articleSection\":[\"Breaking\",\"Business\",\"Headlines\",\"Investing\",\"What's Hot\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\",\"url\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\",\"name\":\"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021 - MarketDepth\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/#website\"},\"datePublished\":\"2022-03-09T16:21:46+00:00\",\"dateModified\":\"2022-03-09T16:21:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/marketdepth.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/marketdepth.com\/#website\",\"url\":\"https:\/\/marketdepth.com\/\",\"name\":\"MarketDepth\",\"description\":\"Stock Market News & Headlines\",\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/marketdepth.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/marketdepth.com\/#organization\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"contentUrl\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"MarketDepth\"},\"image\":{\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/marketdepthnews\",\"https:\/\/twitter.com\/MarketDepthNews\",\"https:\/\/www.instagram.com\/marketdepth\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/author\/3\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021 - MarketDepth","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/","og_locale":"en_US","og_type":"article","og_title":"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021 - MarketDepth","og_description":"ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) shares spiked about 8% after the container shipping and related services company announced its consolidated results for the three and twelve months ended December 31, 2021. Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase... View Article","og_url":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/","og_site_name":"MarketDepth","article_publisher":"https:\/\/www.facebook.com\/marketdepthnews","article_published_time":"2022-03-09T16:21:46+00:00","article_modified_time":"2022-03-09T16:21:48+00:00","og_image":[{"width":2560,"height":1708,"url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/03\/ContainerShip-scaled.jpg","type":"image\/jpeg"}],"author":"MarketDepth","twitter_card":"summary_large_image","twitter_creator":"@MarketDepthNews","twitter_site":"@MarketDepthNews","twitter_misc":{"Written by":"MarketDepth","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#article","isPartOf":{"@id":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/"},"author":{"name":"MarketDepth","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69"},"headline":"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021","datePublished":"2022-03-09T16:21:46+00:00","dateModified":"2022-03-09T16:21:48+00:00","mainEntityOfPage":{"@id":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/"},"wordCount":373,"commentCount":0,"publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"articleSection":["Breaking","Business","Headlines","Investing","What's Hot"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/","url":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/","name":"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021 - MarketDepth","isPartOf":{"@id":"https:\/\/marketdepth.com\/#website"},"datePublished":"2022-03-09T16:21:46+00:00","dateModified":"2022-03-09T16:21:48+00:00","breadcrumb":{"@id":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/marketdepth.com\/zim-shares-up-after-record-financial-results-for-the-fourth-quarter-and-full-year-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/marketdepth.com\/"},{"@type":"ListItem","position":2,"name":"ZIM Shares Up After Record Financial Results for the Fourth Quarter and Full Year 2021"}]},{"@type":"WebSite","@id":"https:\/\/marketdepth.com\/#website","url":"https:\/\/marketdepth.com\/","name":"MarketDepth","description":"Stock Market News & Headlines","publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/marketdepth.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/marketdepth.com\/#organization","name":"MarketDepth","url":"https:\/\/marketdepth.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/","url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","contentUrl":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","width":1500,"height":1000,"caption":"MarketDepth"},"image":{"@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/marketdepthnews","https:\/\/twitter.com\/MarketDepthNews","https:\/\/www.instagram.com\/marketdepth\/"]},{"@type":"Person","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69","name":"MarketDepth","url":"https:\/\/marketdepth.com\/author\/3\/"}]}},"_links":{"self":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/18840"}],"collection":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/comments?post=18840"}],"version-history":[{"count":1,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/18840\/revisions"}],"predecessor-version":[{"id":18842,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/18840\/revisions\/18842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media\/18841"}],"wp:attachment":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media?parent=18840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/categories?post=18840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/tags?post=18840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}