
On January 10, 2025, ZIM Integrated Shipping Services Ltd. saw a notable decline in pre-market trading, dropping 8% to below $19 per share amid ongoing volatility in the container shipping sector. This follows a mixed performance in container freight futures, which opened down 2.6% but ended up 3% on the previous day. The Drewry Container Index reported a 2% increase for the week, driven by strong demand on China-US routes, with West Coast rates rising 13% to $5,500 and East Coast rates increasing 10% to $7,100. However, the Shanghai Containerized Freight Index fell 8.5% week-over-week to 2,290.68, indicating challenges in the market. Overall, container liners experienced a decline of approximately 4% in Asian trading, reflecting broader market pressures.
With the East Coast labor dispute resolved, rough upcoming day for $ZIM. -8% pre market. https://t.co/30wzJYhRRP
$ZIM broke below $19 pre market. https://t.co/cKM3ripsxk
🇨🇳Shanghai Containerized Freight Index fell by 8.5% w/w to 2,290.68. $SCFI #Shipping #China https://t.co/lLu86D8WRM














