Ocean carrier Zim, by far the largest U.S.-listed shipping company by market cap, just blew away the profit forecasts. Again. But it’s not all smooth sailing.
The Israel-based shipping line (NYSE: ZIM) is particularly exposed to the trans-Pacific trade lane, where port congestion is now having an extremely negative effect on volumes. Ship scheduling data confirms significant and growing fallout to Zim’s trans-Pacific services in the fourth quarter.
On Wednesday, the company reported net income...
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