Just entering 2021, Zim Shipping (ZIM) has thrown out a blockbuster news, saying that the company has submitted documents to the US Securities and Exchange Commission to prepare for an initial public offering (IPO) on the New York Stock Exchange to implement it for a long time. Listing plan. Successful listing seems barrier-free According to relevant media reports, Star Shipping’s largest shareholder is Kenon Holdings (currently holding 32% of the shares) controlled by Idan Ofer, and the second and third shareholders are Deutsche Bank and the Greek shipowner Dana. Danaos (Danaos), the two accounted for 16.7% and 10.2% respectively. If Star Shipping is successfully listed on the New York Stock Exchange, it will be the first shipping company to successfully conduct an IPO in the United States in the past five years. According to the draft prospectus, the funds raised by Star Shipping will be used in the company's long-term development strategy, including investment in ships, containers and digital layout. While consolidating the capital structure and improving financial flexibility, it will also be used to repay part of the debt. "We are a global asset-light liner company, occupying a leading position in niche markets. We believe that our unique competitive advantages in these markets will enable the company to maximize its market position and profitability." Such positioning in the draft prospectus. Many securities industry analysts pointed out that in 2020, the shipping market will be a little sluggish due to many factors, but there will be "prosperity" in the field of container transportation, especially in the Far East-Northwest Europe route market and the trans-Pacific route market. Star Shipping’s earnings in recent quarters have been very impressive. In the third quarter of 2020, the company’s net profit reached US$144.4 million, an increase of more than 28 times over the same period of the previous year. ) Is 262.1 million U.S. dollars, the highest in history, with revenue of 1,012.5 million U.S. dollars, which is the extreme value in the past eight years. Sun Taotao, an international shipping market researcher at the Guangzhou International Shipping Research Center, pointed out the key points. She emphasized: “According to Alphaliner statistics, about 52% of the current capacity of Star Shipping is deployed on trans-Pacific routes (weekly capacity is about 21369TEU), far exceeding the industry. The average capacity investment on this route (19%). After listing in the United States, Star Shipping will provide US investors with more opportunities to access the trans-Pacific route market. In view of the increase in trade on the trans-Pacific route, At present, it is also an excellent time for Star Shipping to enter the US capital market. Investors have seen a profitable "new target", and Star Shipping can also obtain more working capital from it. This is a satisfaction for both parties. the result of." Since the implementation of privatization in 2004, Yixing Shipping has tried multiple IPOs (such as in 2008, 2011 and 2014), but all failed due to the poor performance of the company. In 2020, the new crown epidemic broke out globally. The industry was initially extremely pessimistic about the container shipping market, but the situation reversed. Most of the liner companies made profits, and Star Shipping demonstrated its strong operations through very beautiful financial statements. ability. The reasons why Star Shipping has achieved substantial profits in recent quarters need to be focused on. From a macro point of view, the profit margin of the market increases with the reduction of transportation costs, and the chartering fees and fuel prices within a period of time also give rise to freight rates. From a microscopic point of view, Star Shipping is not inclined to shipbuilding. Almost all of its shipping capacity is leased ships. When there are a large number of container ships in the market, it can reduce chartering rates. Star Shipping predicts in its prospectus that the company's net profit for the fourth quarter of 2020 will be 342 million to 367 million U.S. dollars, the annual net profit will reach 500 million to 525 million U.S. dollars, and the adjusted profit before interest and tax is expected to be 703 million to 7.33 million. Billion US dollars, almost five times the profit before interest and taxes in 2019. Not surprisingly, ZIM (stock code) will soon appear on the electronic screen on the trading floor of the New York Stock Exchange.