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Great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday. The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were ...
Great news for ocean carriers like Zim is generally ominous news for U.S. importers paying painfully high freight bills — and there was a bounty of great news for Zim on Wednesday. The shipping liner operator, which specializes in the trans-Pacific lane, posted net income of $1.71 billion for Q4 2021. Earnings per share were ...
The traditional wisdom is that geopolitical chaos is good for shipping demand. Trade patterns are disrupted and become less efficient. Cargo must travel longer distances. Rates rise. But Niels Rasmussen, chief analyst at shipping association BIMCO, believes Russia’s invasion of Ukraine will be bad for shipping demand. The war “will hurt growth in all shipping ...
The House and Senate are both in session this week. The House will vote on bills and resolutions related to homeland security, condemning the threats of violence against HBCUs, and...
One of the axioms of shipping is that war can boost freight rates and share prices, particularly for tankers. Since Russia invaded Ukraine last week, tanker shares have indeed outperformed, but upside is not evenly spread and gains have eased. Container and dry bulk stocks have been largely treading water, with multiple names underperforming the ...