ZIM

Stock Price Movements in Major Container Shipping Companies

The global container shipping industry experienced a mix of volatility and stability in terms of stock prices this week, reflecting the interplay of seasonal demand, economic dynamics, and geopolitical developments.

As the year-end holiday season approaches, market activities have been influenced by Christmas trade, economic reports, and lingering concerns about global trade.

Here’s a detailed overview of the stock performance of several major players in the shipping industry during the week.

  • SITC...

https://container-news.com/stock-price-movements-in-major-container-shipping-companies/

Weekly Highlights of Container Shipping Companies Stocks

The container shipping sector experienced a dynamic week marked by fluctuations in stock prices, reflecting broader economic trends, trade dynamics, and geopolitical developments.

Amid concerns about global trade demand and cost pressures, the sector showed mixed performances, with certain players defying the general downtrend. Below is an analysis of key players in the container shipping industry over the past week.

  • SITC International Holdings Co. Ltd (1308)

HK$

SITC’s stock displayed a...

https://container-news.com/weekly-highlights-of-container-shipping-companies-stocks/

ZIM updates its Transpacific network

Israeli container line ΖΙΜ announced the following updates to its network from Asia to the United States East Coast (USEC) and US Gulf, effective February 2025.

The ZXB service will feature an exclusive stop at Boston port, offering improved connectivity between Asia and the US East Coast with faster transit times and broader coverage. This will be the only direct service connecting Asia to Boston.

ZIM noted the ZXB service will offer best-in-market transit time from Cai Mep to Charleston and...

https://container-news.com/zim-updates-its-transpacific-network/

Economou outfit returns to container market, with reported ZIM charter

George Economou’s TMS Dry is reportedly behind orders for four 7,900 TEU ships at HJ Shipbuilding & Construction, and the vessels are said to be for long-term charter to ZIM Line.

The newbuilding order, announced by the shipbuilder on 25 November, marks the Greek shipping magnate’s return to the container sector, after TMS Dry sold the 2010-built 6,500 TEU Miramarin (now KMTC Delhi) to Korea Marine Transport Company (KMTC Line) for US$27.5 million in 2020.

The four newbuildings ordered at HJSC...

https://container-news.com/economou-outfit-returns-to-container-market-with-reported-zim-charter/

MSC and ZIM to embark on new slot-sharing agreement post-2M

MSC and ZIM have filed a new slot-sharing agreement with the US Federal Maritime Commission (FMC) about their Far East-US East Coast services.

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https://container-news.com/msc-and-zim-to-embark-on-new-slot-sharing-agreement-post-2m/

Zim share sale will be scrutinised by other operators

A number of container ship operators will be scrutinising Zim Integrated Shipping’s books to see if there are any synergy possibilities with the Israeli carrier, said one financial expert.

It emerged on Friday (22 November) that the New York-listed Zim’s largest shareholder Kenon Holdings, which is 62% owned by Idan Ofer will sell its remaining 14.8 million shares in the Israel-based carrier, for an expected US$360 million.

Former shipping analyst Mark McVicar told Container News: “The [Zim]...

https://container-news.com/zim-share-sale-will-be-scrutinised-by-other-operators/

ZIM’s financial recovery continues with strong Q3 results

Israeli ocean carrier ZIM has announced a net income of US$1.13 billion in the third quarter of 2024, while the company reported a US$2.27 billion loss in the same period last year.

Similarly, ZIM achieved EBITDA of US$1.53 billion in the third quarter, representing a year-over-year increase of 626% and operating income (EBIT) of US$1.23 billion, compared to an operating loss of US$2.28 billion in the third quarter of 2023.

The total revenues of the shipping company increased by 117% to US$2.77...

https://container-news.com/zims-financial-recovery-continues-with-strong-q3-results/

ZIM launches campaign to build US team

ZIM Integrated Shipping Services has launched a new Employer Brand Campaign to attract top talents to its offices in the United States.

With the slogan “Hear the Difference. See the Difference. Be the Difference,” ZIM emphasizes the importance of a strong employer brand to connect with skilled professionals.

This campaign was crafted using insights from ZIM’s employees, ensuring its messages authentically reflect the perspectives of its team. Through this initiative, the Israeil-based shipping...

https://container-news.com/zim-launches-campaign-to-build-us-team/

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