ZIM Shipping reported Q1’21 revenues which surged 111.9% year over year as the container line increased its volumes handled by 28.2%. That outstripped Maersk’s 5.7% and Hapag-Lloyd’s 2.6% as the firm added new routes. The firm achieved a 76.4% rise in average shipping rates which it has been able to lock in via long-term contracts. More of the same is expected as ZIM’s CEO, Eli Glickman, sees “freight rates remaining elevated through 2021”. The firm expects volume growth for the full year to reach around 30%, implying an acceleration from Q1’21 levels. U.S. seaborne imports handled by th...