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Association & Institute Container shipping stocks, such as Zim (NYSE: ZIM), gained attention from retail traders due to Red Sea disruptions, altering the supply-demand balance. Despite this, the impact on carrier financials is expected in Q1 2024, and Q4 2023 results, to be released soon, are anticipated to reveal challenges. Preliminary results from China's Cosco show a 62% drop in Q4 profits compared to Q3. Cosco subsidiary OOCL reports an 8.2
Maritime
Container Shipping Faces Rough Q4 as Red Sea Disruptions Impact Results
15 Jan 24
