Can ZIM Defy Broad Downturn In The Container Shipping Industry?

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ValueWalk

ZIM Integrated Shipping Services is an example of what’s befallen the shipping industry: Shares are down 33.58% in the past three months and down 17.48% year-to-date.The shipping industry as a whole is in a slump, largely due to continued lockdowns in China.Despite continued price declines, analysts have a rating of “hold” on ZIM.ZIM Integrated Shipping Services (NYSE:ZIM) offers an example of what’s befallen the once red-hot shipping industry in the past six months. The Israel-based company’s stock is down 33.58% in the past three months and down 17.48% year-to-date. Q3 2022 hedge fund letter…

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