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Why Zim Integrated Shipping Is Up Today

TheMotleyFool

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Why Zim Integrated Shipping Is Up Today: https://g.foolcdn.com/editorial/images/787742/cargo-ship-getting-loaded-with-containers-source-getty.jpg

Trouble on the high seas is causing shipping rates to soar, which in turn is helping Zim Integrated Shipping Services (NYSE: ZIM) deliver for investors.

The container shipping company's shares jumped sharply at the open Monday and were up by about 22% as of 10:56 a.m. ET after the company released quarterly results that easily topped expectations.

Zim incurs high fixed costs to buy and maintain ships, but it operates in a cyclical business -- it can experience huge swings in revenue based on the health of the global economy and demand for capacity inside those ships.

Source Fool.com

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