Shipping line Zim gets hammered by high spot-rate exposure

Zim, the world’s 10th-largest container line operator, has sunk into the red as its boom-era contract coverage has crumbled under the weight of falling spot rates. The Israel-based company reported first-quarter results Monday that were much worse than expected, causing a double-digit plunge in…#israel #zim #transpacific #maersk #hapaglloyd #hapaglloyds #q32022 #rolfhabbenjansen #cfo #xavierdestriau
Source: Reuters: Health - Category: Consumer Health News Source Type: news