ZIM Integrated: Q2 Dividend Payout Is More Likely Than Not - Still Not A Buy
ZIM Integrated Shipping Services .(ZIM) Seeking Alpha·2024-07-13 22:00
RichVintage We previously covered ZIM Integrated Shipping (NYSE:ZIM) in April 2024, discussing its uncertain prospects in FY2024, with the management's underwhelming guidance pointing to an uncertain dividend payout in the near-term. At the same time, with the Red Sea conflict already triggering elevated freight spot rates - well balancing the container ship company's higher lease obligations and the longer transit through the Cape of Good Hope absorbing part of the capacity over-supply, we did not expe ...