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Zim looks to minimise cash burn ahead of soft peak season

Haifa-based company focused on ‘rationalising’ capacity as it reports a $213m quarterly loss and misses analysts’ expectations for a second consecutive quarter

Israeli carrier predicts a soft peak season with no freight rates improvement during the second half of the year, despite the recent rise in transpacific freight rates. While welcoming the improved rate environment, company is cautious about whether it will stick

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