Zim faces FMC probe into $137,000 detention fees after container 'error'
Israeli carrier Zim faces being hauled up in front of the Federal Maritime Commission (FMC) ...
The “mind-boggling profitability” of the container lines has led to industry questions on how they will spend their buckets of cash.
But Randy Giveans, senior VP equity research at Jefferies, revealed to The Loadstar Podcast what one carrier, Zim Lines, is planning to do with its money.
Noting that Zim’s ebitda guidance effectively doubled from the first quarter to the second, between $4.8bn and $5.2bn, he said the numbers were “mind-boggling”.
“It’s an incredible earnings infusion,” he said. “In March, we thought rates ...
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