ZIM News and Press, ZIM Integrated Shipping Services Ltd. From 01/17/24

2024-01-17 07:11:58 ET Summary ZIM Integrated Shipping Services is a deep-value opportunity trading at 0.56x book value headed into a rapidly rising earnings environment. Based on interviews with experts, I believe that the Red Sea shipping crisis will be long-lasting and result i...

2024-01-16 06:30:00 ET Fool.com contributor Parkev Tatevosian says it's time to take profits in ZIM (NYSE: ZIM) stock as the attacks in the Red Sea helped its stock price increase. *Stock prices used were the afternoon prices of Jan. 13, 2024. The video was published on Jan. 1...

2024-01-16 05:41:18 ET Related stock stories: Tesla: Macroeconomic Headwinds, But Potentially Lower Future Competition Tesla's AWS Is Its Megapack Business Tesla: Much More Than Just A Car Company Elon Musk wants 25% voting control in Tesla before advancing A...

2024-01-12 05:15:08 ET Related stories: Grifols: Wait And See For Now ZIM Stock: A 'Buy' In The Short To Medium-Term Despite Risks (Upgrade) Grifols: I've Read The Short-Seller Report, And I Mostly Disagree Oil, shipping stocks rise as airstrikes fail to dete...

2024-01-12 04:56:00 ET Summary The Red Sea shipping crisis is still growing as almost half of vessels have been rerouted around the Cape of Good Hope in January. This has already more than tripled container rates. Delays and knock-on effects may drag on to the second quarter. ...

2024-01-12 02:07:06 ET Crude prices are responding to the U.S. and British airstrikes in Houthi-controlled areas of Yemen, with West Texas Intermediate ( CL1:COM ) climbing 2.4% to $73.71/bbl early Friday. Shipping stocks will also be on watch during the premarket session as tension...

2024-01-10 09:50:03 ET Summary I have sat out the entire downward cycle in ZIM, but I have no intention of rushing to get rid of my position. The Houthis are making an impact, as it becomes too risky and expensive to travel via the Red Sea. ZIM should keep rising thanks to its exp...

2024-01-10 08:20:00 ET Summary The S&P500 delivered a strong year-end rally, gaining 4.5% in December and 26.3% for the year. Interest rates were kept steady in a range of 5.25% to 5.5% with the market expecting up to 6 decreases in 2024. Net investments of around $1,500 i...

2024-01-10 06:54:47 ET Summary Spot rates for marine transportation have surged due to geopolitical concerns, which could boost profits for the shipping industry. A.P. Møller - Mærsk has been affected by attacks in the Red Sea, but has a strong financial condition, makin...

2024-01-10 05:43:05 ET Shipping rates continue to rise steeply, while vessels face weekslong delays on account of diversions from the Red Sea around the Horn of Africa to avoid attacks by Iran-backed Houthi rebels. The average shipping costs for 40-foot containers have nearly doubled si...