Israeli liner operator Zim has finally succumbed to what many saw as the inevitable and downgraded its earnings forecast for the full year.
The New York-listed, Haifa-based company expects to generate an adjusted Ebitda of $1.2bn to $1.6bn and is guiding an adjusted Ebit operating loss of between $100m and $500m this year.
Those numbers are way down on guidance issued barely two months ago.
