Attacks by the Houthi rebels on vessels in the Red Sea have helped to reverse the financial fortunes of Israeli liner shipping company Zim.
The Haifa-based, New York Stock Exchange-listed carrier has gone from being massively loss-making into a money-making machine in the space of two months, analysts and liner shipping sources said.
That marks a remarkable turnaround for Zim, which ended 2023 with one of the liner sector’s biggest losses — but which is again becoming the darling of some liner shipping stock-watchers.
