Zim’s view on US port fee plan and why spot rates are falling
- Zim would reduce the number of US east coast calls if port fee plan is enacted
- It believes current spot rate weakness may be due to pre-Chinese New Year front-loading
- Zim’s average freight rates fell 24% in fourth quarter 2024 versus recent peak in third quarter 2024
Zim’s stock, the most heavily traded container equity on the world, continues to be a big bet on geopolitics. Geopolitical uncertainty is now exceptionally high and investors are placing their wagers