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Malaysia’s government announced Wednesday that it was imposing a ban on all Israeli owned and flagged ships, as well as any vessels headed to Israel, from docking at its ports.
Zim Integrated Shipping Services Ltd., commonly known as ZIM (Hebrew: צים, tsim; a biblical word meaning "a fleet of ships", Numbers 24:24), is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers.
Israel–Malaysia relations refers to the commercial and cultural ties between Israel and Malaysia. The two countries currently maintain no formal diplomatic relations. [1] Although Malaysia officially maintains an outwardly hostile position towards Israel, commercial relations between the two countries do exist, albeit very limited.
Pacific International Lines (PIL) is a Singaporean shipping company incorporated in Singapore on 16 March 1967. It was founded by Singaporean entrepreneur Chang Yun Chung, who was the world's oldest billionaire until he died at 102 in September 2020.
ZIM Integrated Shipping Services (ZIM) closed at $25.39 in the latest trading session, marking a +1.68% move from the prior day.
ZIM (ZIM) delivered earnings and revenue surprises of 2.11% and 7.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?