ZIM Integrated Shipping stock braces for new normal in 2024
ZIM Integrated Shipping Services .(ZIM) Invezz·2023-12-31 18:57
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 ...