Israel-based ocean carrier Zim (NYSE: ZIM) is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was first reported in late June and fresh details are now emerging.
There have been reports this week of seven early charter terminations by Zim as well as two sublets. Two of the early charter terminations were confirmed by the vessels’ owner.
Charters terminated early for Euroseas duo
Euroseas (NASDAQ: ESEA) said that charters of its...
https://www.freightwaves.com/news/zim-downsizing-its-container-shipping-fleet-as-demand-disappoints