ZIM Integrated Shipping Services: Net income for the second quarter was $ 888 million

ZIM Integrated Shipping Services published its business results, on a consolidated basis, for the second quarter and first half of 2021.
In the past year, we seem to have become accustomed to hearing good news on behalf of Zim, but it seems that in the case of the shipping company controlled by businessman Idan Ofer, even the clichés run out: the company shows record results every quarter, surpassing the previous quarter.
Zim has enjoyed pride in the maritime transport market, but even by neutralizing the positive environmental impacts, it manages to show improvement in every parameter.
Net income for the second quarter was $ 888 million (compared to $ 25 million in the same period last year), or $ 7.38 per share on a diluted basis.
Adjusted EBITDA in the second quarter totaled $ 1.34 billion, compared to $ 145 million in the same quarter last year, an increase of 820%.
Operating income (EBIT) in the second quarter totaled $ 1.16 billion, compared to $ 69 million in the same quarter last year, an increase of 1,581%.
Revenue in the second quarter was $ 2.38 billion, compared to $ 795 million in the same quarter last year, an increase of 200%.
ZIM led 921,000 containers (TEU) in the second quarter of 2021, an increase of 44% from the same period last year.
The Company has announced a special cash dividend of approximately $ 238 million, reflecting an amount of $ 2.00 per ordinary share, to be paid on September 15, 2021 to the Company's shareholders on August 25, 2021; The Company reiterated its intention to distribute (subject to the approval of the Board of Directors), in 2022, an annual dividend of 30-50% of its net profit for 2021.
At the end of the quarter, the company announced a new strategic agreement with Seaspan for the long-term lease of 10 natural gas-powered "green" ships, with a carrying capacity of 7,000 containers (TEU) (with an option to lease five more ships). This agreement is another illustration of Zim's commitment to reducing the company's carbon footprint.