The global shipping industry is facing challenges, impacting major players like Maersk and ZIM Integrated Shipping Services Ltd. Economic turmoil, geopolitical tensions, and the Russia-Ukraine war have contributed to a pessimistic outlook. The United Nations Conference on Trade and Development predicts a meagre 1.4% growth in 2023, a significant drop from 3.2% in 2021.
ZIM Integrated Shipping Services Ltd. (ZIM)ZIM, a major player, has seen a drastic 50% decline in market cap YTD 2023. Its Q2...
https://mfame.guru/2023-outlook-for-global-shipping-industry/