Shipping equities experienced volatility in recent days, with most stocks declining in early U.S. trading on October 9, 2024. However, ZIM Integrated Shipping Services Ltd. ($ZIM) showed signs of recovery, initially rising nearly 5% before later falling 4% in late trading. Consensus estimates for ZIM's third-quarter revenue are set at $2.31 billion, reflecting a 20% increase from the previous quarter's revenue of $1.93 billion. Despite this positive outlook, some analysts believe these estimates may be conservative. In a broader context, container freight futures demonstrated a significant rebound, rising by 16% on October 10, 2024, following a rough session in the U.S. Shipping stocks such as Maersk ($MAERSK) and others also benefitted from this upward trend. The shipping sector in Asia showed resilience, with Cosco reporting a 7% increase in its stock value.