ZIM Shipping reported its first set of results after its IPO with Q4’20 revenues which surged 64.6% year over year. The firm achieved a 49.3% jump in achieved shipping rates year over year which far outstripped the expansion achieved by competitors including Maersk and Hapag-Lloyd. The firm’s CEO, Eli Glickman, sees the potential for the firm to continue to benefit from elevated shipping rates, noting the firm has “signed 5 times as many contracts as compared to the same period last year at a rate of about 50% higher than 2020”. Glickman also expects U.S. “import growth for the entirety ...