Zim triples valuation since January IPO, strong Q1 results
Boosted by the sharp rise in freight rates, 2021 has been a dream year for the Israel-based global container company.
Israel-based global container company Zim Integrated Shipping Services Ltd. (NYSE: ZIM) has nearly tripled its value since its Wall Street IPO at the end of January, when it raised $218 million at $15 per share, at a company valuation of $1.75 billion. Boosted by a 76% rise in freight rates compared with the first quarter of 2020, the company s share price rose 1.68% on the NYSE yesterday to $41.70, giving a market cap of $4.8 billion. Following publication of its first quarter financial results, Zim s share price is up a further 3.12% in premarket trading.
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today that the Company will release its first quarter 2021 financial results on Wednesday, May 19, 2021, before the U.S. financial markets open. Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update at 8:00 AM ET.
/PRNewswire/ ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today that it intends to perform a.
Zim boasts 90% return since New York flotation | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
ZIM Integrated Shipping Services and Seaspan Corporation have announced a strategic agreement for the long term charter of 10 LNG dual fuel container vessels