Zim reported record results for the first quarter of 2022 and raised its guidance for the whole year.

The Israeli container line made net income of $1.7bn, compared with $590m for the first three months of 2021, a year in which it went on to make a 787% rise in after-tax profits that reached $4.65bn.

Zim now estimates an Ebitda range of $7.8bn