ZIM Shipping plans IPO as margins recover, Transpacific trade surges in Q3 — Panjiva
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ZIM Shipping plans IPO as margins recover, Transpacific trade surges in Q3

China 2999 Corp - Shipping 991 Earnings 743 Financing 115 Mode - Containerized 1489 Mode - Seaborne 1818 U.S. 5347

ZIM Shipping is reportedly considering an initial public offering (IPO) of shares following a recovery in the fortunes of the container shipping industry. A mixture of capacity discipline and lower fuel costs have allowed sector EBITDA margins to rise to 16.5% in Q2’20 from 9.3% in Q2’19, while ZIM Shipping’s margin increased to 17.9% from 12.1% over the same period. Like the rest of the sector ZIM’s revenue fell in Q2’20 compared to a year earlier due to COVID-19 linked disruptions to global trade. Yet, that was below average after a tie up with Maersk and MSC helped drive a 14.9% year ...

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