ZIM stock slides nearly 6% as freight rates cool and Suez route talk returns
ZIM Integrated Shipping shares fell 5.9% to $21.36 Friday as container freight rates dropped, with Drewry’s World Container Index down 4% to $2,445 per 40-foot box. Maersk and CMA CGM began shifting services back to the Suez Canal, but Germany’s VDA warned of insurance and safety concerns. ZIM’s board is reviewing takeover bids after rejecting a management offer. U.S. markets close Monday for Martin Luther King Jr. Day.
