Tension in the Middle East is causing chaos in key global shipping routes, which could alter the economics of of the region's top shippers. Shares of Zim Integrated Shipping Services (ZIM 5.36%) are up 10% as of 10 a.m. ET Monday after an analyst said "the script has flipped" for the once-challenged company.Rough geopolitical seas are changing the narrative around shippers2023 was shaping up to be a tough year for global shipping companies, with concerns about the economy worldwide and a post-pandemic deman ...

The crisis in the Red Sea is boosting shipping stocks, especially ZIM Integrated Shipping (NYSE:ZIM) stock, which Jefferies is upgrading to a “buy.”The brokerage set a one-year price target of $20 for the international shipping company. ZIM was due to open this morning at $14.80 per share, a market capitalization of almost $1.8 billion on an estimated 2023 revenue of $6.1 billion. The stock was up about 10% over the weekend. Making Money From WarZIM was expecting a 2023 loss of $2.1 billion as falling price ...

In the latest trading session, ZIM Integrated Shipping Services (ZIM) closed at $14.06, marking a +1.96% move from the previous day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, added 0.36%.Heading into today, shares of the container shipping company had gained 34.54% over the past month, outpacing the Transportation sector's loss of 2.58% and the S&P 500's gain of 2.4% in that time.Investors will be eagerly watching for the perform ...

The deployment of Hoopo's trackers puts ZIM at the forefront of technological innovation in this field, and underscores ZIM's dedication to delivering unparalleled solutions to its customers, as this advanced solution offers comprehensive tracking information including geofence alerts and open/close door notifications and more, while ensuring high reliability and durability combined with significant cost and energy efficiencies. In 2022, ZIM announced an investment in Hoopo Systems, a trailblazing company s ...

Daniel Wright Note: I have covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) previously, so investors should view this as an update to my earlier articles on the company. In a surprise twist of fate, Israel-based liner company ZIM Integrated Shipping Services Ltd. ("ZIM") appears to be among the greatest beneficiaries of the ongoing Houthi attacks on merchant vessels in the Red Sea. With the majority of boxships now being rerouted around Africa, the Houthis seem to have addressed persistent indus ...

ZIM Integrated (NYSE: ZIM) stock price will be in the spotlight this week as investors focus on the embattled shipping industry. The shares ended the year at $10, about 56% above the lowest level in 2023. Despite the rebound, the stock had one of its worst years on record as shipping rates fell and global demand eased.ZIM Integrated’s great reset was expected since the company, together with its peers like Maersk and MSC Shipping, had a great performance during the pandemic. At the time, there was substanti ...

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q3 2023 Earnings Conference Call November 15, 2023 8:00 AM ET Company Participants Elana Holzman - Head of Investor Relations Eli Glickman - President and Chief Executive Officer Xavier Destriau - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Sam Bland - JPMorgan Alexia Dogani - Barclays Patrick Creuset - Goldman Sachs Operator Hello. My name is Krista, and I'll be your conference operator today. At this time, I would like to wel ...

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Exhibit 99.2 ZIM INTEGRATED SHIPPING SERVICES LTD. CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2023 ZIM INTEGRATED SHIPPING SERVICES LTD. INDEX TO CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS | | Page | | --- | --- | | FINANCIAL STATEMENTS: | | | Condensed consolidated unaudited interim Statements of Financial Position | 3 | | Condensed consolidated unaudited interim Income Statements | 4 | | Condensed consolidated unaudited interim Statements of Comprehensiv ...

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q2 2023 Earnings Call Transcript August 16, 2023 8:00 AM ET Company Participants Elana Holzman - Head, Investor Relations Eli Glickman - President & Chief Executive Officer Xavier Destriau - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Sam Bland - JP Morgan Alexia Dogani - Barclays Sathish Sivakumar - Citigroup Operator Thank you for standing by. And welcome to the ZIM Integrated Shipping Services Second Quarter 2023 Earnings Co ...