ZIM Shipping Stock Forecast, Earnings Triggers a Buy

Key Points Global container ship company Zim Integrated Shipping Service Ltd. NYSE: ZIM shares have been on a tear, rising 128% year-to-date (YTD). Its shares recovered dramatically since the start of the Red Sea conflict, causing shipping companies to detour through South Africa. ZIM shares were trading down under $10 in April 2024. Meanwhile, shipping rates rebounded dramatically, as indicated on the Shanghai Container Freight Index surged to 3,044 on May 31, 2024, up from 993 in November 2023. ZIM Integr ...