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Why Zim Integrated Shipping Services Stock Cratered This Week

Why Zim Integrated Shipping Services Stock Cratered This Week

This decision is sure to have a wide range of negative downstream effects on the global economy in general and shipping companies like Zim in particular. On the macro side, higher oil prices could translate into higher commodity prices in the broad sense, reducing consumer spending power. This reduced spending power, in turn, will likely spill over into the shipping industry in the form of reduced demand.