ZIM reported before market open today. The results probably came out worse than
capital market's expectation. This report on its own is fantastic but the
sequential drop in earnings is more than expected and worse among its container
liner peers.
The sharper than expected drop (22% QoQ) in earnings is driven mainly by the
sequential drop in the revenue yield. ZIM's revenue yield, i.e. revenue
generated per slot during a quarter. At $6,993/teu slot, ZIM's 2Q revenue yield
is still the highest r