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home / news releases / ZIM - Why did ZIM integrated shipping go down today?

ZIM - Why did ZIM integrated shipping go down today?

ZIM Integrated Shipping Services Ltd.
ZIM (ZIM) has been a star performer since the Company's public listing in early 2021, EBITDA grew by more than 6x from Q4 2020 to Q4 2021; however, the Company has been dragged lower by shipping-related weakness. Shares fell over 5% Monday, as China supply fears took peers Star Bulk (SBLK), Euronav (EURN) and Matson (MATX) lower by 3-5%. The White House said Monday that there's been "no decrease in ships coming to US ports from Asia yet," however, lock-down fears have stoked concerns in global commodity markets, as Chinese capacity shutters. ZIM's (ZIM) board has proven to be extremely shareholder friendly, paying out more than the Company's IPO price in dividends over the past year; however, shares could trade with broader shipping-related macro headlines until the Company reports earnings in late May.

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Why did ZIM integrated shipping go down today?
Stock Information
Company Name: ZIM Integrated Shipping Services Ltd.
Stock Symbol: ZIM
Market: NYSE
Website: zim.com
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