Headquartered in Haifa, Israel, ZIM Integrated Shipping Services Ltd. (ZIM) provides international container shipping and related services. The company offers seaborne transportation and logistics services. In comparison, based in Hamilton, Bermuda, Nordic American Tankers Limited (NAT) is a tanker company that acquires and charters double-hull tankers internationally. It operates a fleet of 25 Suezmax crude oil tankers.
A significant supply and demand imbalance, which is being exacerbated by continuing global supply chain disruptions, has been beneficial for most shipping operators. Furthermore, record freight rates due to a lack of containerships, congestion in ports, and international demand for manufactured goods, are helping shipping companies expand their profit margins. Rapid digitization, automation in logistics, and growing cargo shipping services across industries are expected to drive the growth of the shipping market. According to a report by Market Research Future, the cargo shipping market is expected to grow at a 5.2% CAGR through 2030. Therefore, both ZIM and NAT should benefit.
