The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Ocean liner Zim will include the Port of Boston in a China-Vietnam trade route.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
Jefferies analyst Randy Giveans maintains that container shipping stocks still have a lot more room to run.
For bulk commodity shipping, a rough start to the year. For container shipping, the profit bonanza continues.
Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
Zim’s profits are still going up — way up — despite more vessels getting snared in West Coast port gridlock.
It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
