Justice Department indictments against four of the world’s biggest box manufacturers follow reciprocal port fees and tariffs on China-made port equipment.
CEO Eli Glickman did not offer earnings guidance due to the pending merger with Hapag-Lloyd, but said the war-driven surge in oil prices will likely drag Zim’s results down further in the second quarter.
The decision comes as wholesale diesel prices in Britain have increased 40% in the last month and logistics businesses are finding it difficult to manage ever-increasing cost pressures.
