Previous close | 135.05 |
Open | 134.85 |
Bid | 160.40 |
Ask | 164.50 |
Strike | 430.00 |
Expiry date | 2026-01-16 |
Day's range | 134.85 - 135.05 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Shares of ZIM Integrated Shipping Services (ZIM) are declining on Friday as the US dockworkers' port strike comes to an end. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative labor agreement, paving the way for dockworkers to return to their jobs. This development has diminished the prospect of higher freight rates in the short term, which could have potentially boosted shipping companies' earnings. Market Domination anchors Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
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Shipping stocks fell as the U.S. dockworker agreement seems to make the prospect of sustained higher freight rates unlikely.