$ZIM experienced a volatile trading session on December 11 and 12, 2024, starting with a decline of 4% at market open on the 11th, despite a slight pre-market increase. The stock saw a volume of 2 million shares early on and approached the $19 mark. By the end of the day, $ZIM had recovered slightly, closing around $19 with a total volume of 8.5 million shares. However, the shipping sector as a whole faced challenges, with $ZIM noted as one of the worst-performing shipping equities. On December 12, $ZIM fluctuated, ending the day at its high with approximately 6 million shares traded, partially recovering from previous losses. The broader shipping index showed mixed results, with the Baltic Dry Index falling to 1,051 and container freight futures experiencing a rough week overall. Notably, $MAERSK performed better, gaining 3% during this period. The shipping market is currently under pressure, with various equities showing declines, particularly in the tanker segment, which has seen a number of stocks reaching new 52-week lows.