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ZIM Integrated Shipping extends losses despite Q4 beat; analyst sees ‘downward trajectory’

Transportation of ZIM sea containers

Volodimyr Trofimov/iStock Editorial via Getty Images

ZIM Integrated Shipping (NYSE:ZIM) -6.8% in Thursday’s trading, tumbling more than 10% in two days since reporting Q4 and full-year results; Q4 earnings of $4.66/share easily exceeded estimates, due to 2% higher volumes and 7% higher freight rates.

But Fearnley Securities

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