Shipping companies were severely hit by the COVID-19 pandemic as international trade contracted. However, rising demand for raw materials with the global resuming manufacturing activities is expected to shape the shipping industry’s performance this year. According to Statista, roughly 80% of goods are transported by ship.
But, while ZIM has gained 106.5% over the past three months, CTRM has declined by 75.9%. Furthermore, ZIM has gained 24.3% over the past month, while CTRM lost 18%. But which of these two stocks is a better pick now? Let’s find out.