Greg Miller
Monday, March 22, 2021
ZIM: US importers buckle, sign contracts early, pay 50% more
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
Newbuild-to-fleet ratio now 15.3%, up from 9.4% in mid-2020. But orders are not high enough yet to wave red flags.
Analysts point to upside prospects for container-ship stocks as charter rates rebound.
Earnings calls shed new light on how ocean shipping bosses view coronavirus crisis.
Seaspan Corp. says there are attractive opportunities to increase the size of its fleet.
Seaspan says high demand for containerships has shielded it from the U.S.-China trade war.