Companies/Financials

Total 47 Posts

Companies

ZIM launch new Med-ISC (ZMI) service

ZIM has launched a new ZIM Med-ISC (ZMI) service connecting Israel and Turkey to the Indian subcontinent. 4 panamax ships of 4,250-4,310 teu will be deployed on the new service that calls at Mundra, Nhava Sheva, Colombo, Haifa, Mersin, Ambarli, Mundra. The first sailing is scheduled on 17 December 2021 with the 4,250 teu SEASPAN FELIXSTOWE, to be followed by SEASPAN DALIAN, TONGALA and KOTA LAGU. ZIM Med-ISC (ZMI) service route

Asia-Europe

More MPP ships on Asia-Europe run

Although spot freight rates to North Europe have declined from their peak in January 2021, various carriers are adding ad-hoc sailings on this route using MPP tonnage

Companies

Singamas may turnaround on the record demand, we estimate

Singamas may deliver over $90m in 2021, equivalent to half of its current market capitalization.

Asia-Europe

DSV launches China-Denmark extra loader service

Record high rates have pushed freight forwarder DSV to mount its first self operated sailing on the Asia-Europe route using chartered MPP ships.

Companies

Matson 3Q may again surprise

3Q20 may go down in the history as the record earning quarter for the container shipping industry, which may beat even the most bullish estimate that we have seen so far. Matson, who’s 2Q preliminary report set the stage for industry’s 2Q earning season, may do so again for 3Q.

Markets

ZIM makes 4th attempt for IPO

ZIM will make a bid for its long-delayed initial public offering (IPO) after 3 previous unsuccessful attempts in 2008, 2011 and 2015.

Exclusive

Teo family set to lose control at PIL

Terms on the bailout still being discussed

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