5 Best Shipping and Container Stocks To Buy

3. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Number of Hedge Fund Holders: 17

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) stands as a prominent global container liner shipping company with an asset-light approach. The company manages a fleet of almost 100 vessels, predominantly chartered-in under short-term arrangements. This strategic approach enables ZIM to flexibly adapt its capacity to evolving market dynamics, optimize vessel deployment, maintain high utilization levels, and capitalize on specific trade opportunities.

In September, the Swiss shipping giant MSC and ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) inked an operational collaboration agreement covering various trade routes. The cooperative efforts include services linking the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with Oceania. Additionally, the agreement between ZIM and MSC involves vessel sharing, slot purchases, and swap arrangements.

At the end of Q3 2023, 17 hedge funds in Insider Monkey’s database reported having stakes in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), compared with 13 in the previous quarter. The collective value of these stakes is over $37.4 million. With over 2 million shares, Citadel Investment Group was the company’s largest stakeholder in Q3.