ZIM Integrated Shipping Services Ltd (NYSE:ZIM) reported a significant Q3 FY23 loss with sales down 61% Y/Y to $1.27 billion, missing estimates. The company posted an EPS loss of $(18.90) and adjusted EPS loss of $(1.71), both below expectations. Carried volume slightly increased, but average freight rate per TEU dropped by 66% Y/Y. Adjusted EBITDA plummeted by 89% Y/Y, and the company cut its FY23 outlook for adjusted EBITDA and EBIT loss. ZIM's stock price fell by 9.94% to $7.03.