Page 3 - கப்பல் போக்குவரத்து சேவைகள் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

iStock Shipping’s return to favor is also reflected in ZIM’s $217.5 million initial public offering on the New York Stock Exchange. Story outline Shipping’s return to favor is reflected in ZIM’s $217.5 million IPO on the New York Stock Exchange. After falling 23% on their first day of trading Jan. 28, the shares have rallied almost 75%. The recent string of orders appears to be aimed at replacing some aging vessels. Some of the world’s largest container-shipping lines are ordering new vessels amid surging demand for ocean-cargo services, giving a long-awaited boost to the outlook for shipyards in Asia. The number of container ships on order rose by 23 to 201 last week, the biggest weekly gain in two years, according to IHS Markit data compiled by Bloomberg. ZIM Integrated Shipping Services Ltd., an Israeli company that went public in late January, and Taiwan’s Evergreen Marine Corp. have announced recent purchases or chartering deals.

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