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Why ZIM Integrated Shipping Stock Sank on Wednesday

    Shares of Israel's ZIM Integrated Shipping Services (NYSE: ZIM) stock tumbled 6.66% through 10:55 a.m. ET after reporting a big earnings miss on Wednesday. Unfortunately, ZIM failed to clear even this low bar, as revenue sailed in light at just $1.3 billion. ZIM's results illustrate the sometimes extreme cyclicality of the container shipping industry.

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