Why Zim Integrated Shipping Is Up Today

The container ship operator benefited from a strong pricing environment in the second quarter. Trouble on the high seas is causing shipping rates to soar, which in turn is helping Zim Integrated Shipping Services (ZIM 22.11%) deliver for investors. The container shipping company's shares jumped sharply at the open Monday and were up by about 22% as of 10:56 a.m. ET after the company released quarterly results that easily topped expectations. A favorable current Zim incurs high fixed costs to buy and maintai ...