Zim Integrated Shipping Services

Shipping mints even more money as supply chain squeeze drags on

shipping

Great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday.

The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were $14.17, handily beating the consensus forecast of $13.19.

Full-year adjusted earnings before interest, taxes, depreciation and amortization came in at $6.6 billion, topping...

https://www.freightwaves.com/news/shipping-mints-even-more-money-as-supply-chain-squeeze-drags-on

ZIM starts new e-commerce service, linking China and Vietnam with US East Coast

ZIM Integrated Shipping Services will launch a new and speedy service for e-commerce customers, ZIM Ecommerce Baltimore Express (ZXB), which will be effective from March, connecting South-East Asia with US East Coast.

Particularly, ZXB will operate on the following route:

Yantian (China) – Cai Mep (Vietnam) – Baltimore (United States) – New York (United States) – Boston (United States) – Yantian (China)

Operated exclusively by ZIM, the service will commence with a bi-weekly frequency and build up...

https://container-news.com/zim-starts-new-e-commerce-service-linking-china-and-vietnam-with-us-east-coast/

GSCW chat: Shipping stocks surged — but haven’t peaked

container shipping

This fireside chat recap is from Day 1 of FreightWaves’ Global Supply Chain Week. Day 1 focuses on maritime.

TOPIC: Container shipping stocks are still paying off

DETAILS: Container freight rates and vessel charter rates remain near all-time highs. U.S.-listed container shipping stocks offer investors an opportunity to profit from the ongoing supply chain squeeze.

SPEAKERS: Randy Giveans, senior vice president of equity research, Jefferies, and Greg Miller, senior editor, FreightWaves and American...

https://www.freightwaves.com/news/gscw-chat-shipping-stocks-surged-but-havent-peaked

Tanker, bulker, LNG rates drop. Container rates hold near top

shipping

It’s a tale of two shipping markets. Spot rates remain near historic highs for container shipping; the boom shows no sign of ending. But over in commodity shipping — dry bulk, crude and product tankers, liquefied natural gas (LNG) carriers — spot rates have now sunk below five-year averages. 

Crude tankers

“A bleak outcome,” said brokerage BRS of the recent rates for very large crude carriers (VLCCs; tankers that carry 2 million barrels). “A terrible start of the year,” it said of rates for...

https://www.freightwaves.com/news/tanker-bulker-lng-rates-drop-container-rates-hold-near-top

On the wire: Wonder-ZIM breaks hearts as China ‘stumbles’ (and why it matters)

“ProShares plans to launch the ProShares Supply Chain Logistics ETF [exchange-traded fund], which aims to offer market participants exposure to stocks involved in the supply chain logistics space” – Seeking Alpha, 12 January 2022. 
Soft Monday coverage cannot refrain from highlighting the tremendous success story of wonder-ZIM – just as going all-in or not, attracted to a single stock or hedging supply chain exposure via a logistics basket (however small or sizeable), …

The post On the wire:...

https://theloadstar.com/on-the-wire-wonder-zim-breaks-hearts-as-china-stumbles-and-why-it-matters/

As liner stocks keep rising, other shipping shares are stalling

shipping stocks

Mid-2020 to mid-2021 was a great stretch for ocean shipping stocks: Container and dry bulk shares rose by double and triple digits and even shares of embattled tanker owners posted gains.

That changed last fall. Shares of most container-ship leasing companies, crude tanker owners, product tanker owners and dry bulk owners are down since September.

But shares of container liner companies are proving to be the exception. They’ve recouped most of their autumn pullbacks and are gaining more ground...

https://www.freightwaves.com/news/liner-stock-prices-keep-rising-as-other-shipping-shares-stall

Shipowners show ocean carriers desperate for tonnage ‘no mercy’

The availability of open container tonnage on the charter market tightened further in the first week of the year.
Desperate ocean carriers are forced to forward fix ships six months or more in advance, for periods of three to five years.
According to Maersk Broker, containership owners are weighing up their options, either to accept multi-year charters at highly elevated daily hire rates, or hold out “with the expectation that the market …

The post Shipowners show ocean carriers desperate for...

https://theloadstar.com/shipowners-show-ocean-carriers-desperate-for-tonnage-no-mercy/

Lawyers initiate first claims against carriers for boxes lost from ONE Apus

Last winter was an exceptional period for cargo losses on the North Pacific trades, with many containers lost in storms – not least from the ONE Apus, which lost more than 1,800 containers.
The 14,000 teu ship was en route to California when a storm dislodged container stacks which toppled into the sea, damaging lower-stacked containers as they fell.
In the first three cases filed with the New York Southern District Court, Navigators …

The post Lawyers initiate first claims against carriers for...

https://theloadstar.com/lawyers-initiate-first-claims-against-carriers-for-boxes-lost-from-one-apus/

Carrier confirms Zim Kingston move to Port Nanaimo today

Israeli carrier Zim has confirmed that its chartered  and damage-stricken vessel Zim Kingston will depart its mooring at Constance Bank today, bound for Port Nanaimo on Vancouver Island.
The company said the Danaos-owned vessel would remain at Nanaimo before it is moved to DP World’s Dukes Point Terminal late next week for the discharge of damaged and contaminated containers.
A spokesman for Zim told The Loadstar: “It [discharge of damaged boxes] is …

The post Carrier confirms Zim Kingston move...

https://theloadstar.com/carrier-confirms-zim-kingston-move-to-port-nanaimo-today/

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