|Bid||56.75 x 1000|
|Ask||57.90 x 1200|
|Day's Range||56.58 - 58.87|
|52 Week Range||11.34 - 62.20|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||3.18|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Aug 24, 2021|
|1y Target Est||N/A|
The shipping industry includes companies that transport cargo around the world, from grains to apparel to electronics to appliances. The shipping industry has a significant mismatch between supply and demand which has been exacerbated by global supply chains that have been strained amid the pandemic. In the past year, the shipping industry has slightly underperformed the broader market.
ZIM Integrated Shipping Services Ltd (NYSE: ZIM) exercised its option to long-term charter an additional five 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels from Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp (NYSE: ATCO). The value of this option for ZIM is over $750 million. ZIM already entered into long-term charter agreements for ten 7,000 TEU LNG vessels that are due to be delivered starting from Q4 of 2023 and into 2024. The vessels to be chartered after th
Hiked freight rates, strategic initiatives, strengthening of balance sheet and steady global demand bode well for the stock of ZIM Integrated Shipping (ZIM).