Container shipping spot rates could soon fall below contract rates

Zim, the world’s tenth largest container shipping line, posted the best quarterly results in its history on Wednesday. It hiked its full-year guidance and now predicts 2022 earnings will be around 20% higher than in 2021. And yet, shares of Zim — by far the largest U.S.-listed shipping company by market cap — fell as much as 8% in the hours after its earnings release.

Container shipping spot rates could soon fall below contract rates – Essential Food News (essfeed.com)

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