The Zim Kingston ship fire in 2021 shows Canada isn’t adequately prepared for marine emergencies, according to the Transportation Safety Board of Canada.
Spot rates are back above breakeven and Zim’s costs are falling.
Spot-exposed carriers are likely to see a boost to their Q1 2024 financials.
Zim outperformed competitors on the way up and is falling faster than other carriers on the way down.
Quarterly net losses could be around the corner for container lines, but EBITDA will stay high even if carriers dip into the red.
Shipping line Zim could face net losses in the quarters ahead, yet it has a hefty cash cushion to soften the blow.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Earnings for Zim, the world’s 10th largest ocean carrier, peaked in the first quarter and continue to slide as rates fall.
Ocean liner Zim will include the Port of Boston in a China-Vietnam trade route.
Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.
Jefferies analyst Randy Giveans maintains that container shipping stocks still have a lot more room to run.
For bulk commodity shipping, a rough start to the year. For container shipping, the profit bonanza continues.
Shares of Zim are flirting with a new peak while shares of ship-leasing, dry bulk and tanker companies lose ground.
Zim’s profits are still going up — way up — despite more vessels getting snared in West Coast port gridlock.
It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.
As America struggles with a growing supply chain crisis, ocean carriers rake in even more profits.
With no end in sight for global supply chain crisis, importers warned to brace for high costs throughout next year.
Ocean carrier ZIM now expects to earn $4.8 billion-$5.2 billion this year — five times what it earned in 2020.
TRAC Intermodal details in a case study how it partnered with ZIM Integrated Shipping Services to develop a dedicated chassis pool at the ports of Los Angeles and Long Beach.
Device makers ask the federal government for help getting shipments through crowded ports, but it’s not clear how that would work.
ZIM is the liner most exposed to upside from America’s import binge. It’s taking full advantage of the situation.
As cargo shippers struggle, container-vessel companies rake in massive profits. Early signals point to record Q1 results.
California’s container-ship traffic jam is slightly less jammed but import pressure remains high. One analyst warns the worst may be yet to come.
Ocean carrier ZIM just released record results and confirmed huge gains for contract rates. So why did its stock sink?
Container, dry bulk and tanker stocks push forward. Biggest winner since mid-2020: Danaos, up (this is not a typo) 1,202%.
ZIM, newest Wall Street shipping entrant, is riding wave of record-high freight rates. Shares fully recovered from rocky start.
ZIM just completed the first U.S. shipping IPO in over five years. Here’s a look back at shipping’s wild multidecade ride on Wall Street.
Ocean carrier ZIM has hiked its fleet capacity with new charters and is planning to price its New York IPO next week.
Successful IPO by ZIM would offer investors direct exposure to trans-Pacific freight-rate craziness, but not without risks from debt load.
Chances slim for 2021 shipping equity offerings, but a container-liner IPO prospect remains on the table.
The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport’s Nerijus Poskus.
Net profit skyrockets by more than 2,800% to $144.4 million.
U.S. importers turn to Chinese sellers in the wake of COVID.
With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.
INTTRA by E2open on Tuesday announced a new technology platform, compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by […]
