Shipping line Zim gets hammered by high spot-rate exposure
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
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.
With no end in sight for global supply chain crisis, importers warned to brace for high costs throughout next year.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
TRAC Intermodal details in a case study how it partnered with ZIM Integrated Shipping Services to develop a dedicated chassis pool at the ports of Los Angeles and Long Beach.
Device makers ask the federal government for help getting shipments through crowded ports, but it’s not clear how that would work.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.