$ZIM, a leading shipping equity, saw a notable increase of 6% on December 5, 2024, with trading volume reaching 1.3 million shares. This surge followed news that Kenon's stake in the company has decreased to 9.1 million shares, which has relieved investors. As the week progressed, $ZIM's performance remained strong, with fluctuations observed, including a brief rise of 1% on December 6. Analysts noted that $ZIM is expected to close the week around $21, down from $22 the previous week, but still yielding approximately $2.65 per share in gains, excluding withholding tax. In contrast, the container freight futures market experienced minimal volatility, with the Shanghai Containerized Freight Index (SCFI) up 1% for the week. However, the Freightos Baltic Index (FBX) showed weakness, declining around 4%. Meanwhile, other shipping equities faced declines, particularly in the tanker sector, where equities were down 1-2%. The overall sentiment in the shipping market remains cautious as potential sanctions on tankers loom ahead of January 20, 2025.