- As disclosed, the $400 million agreement was signed with a shipping firm that is affiliated with ZIM’s largest shareholder Kenon Holdings, which holds approximately 26% of ZIM’s issued share capital.
- Under the contract, ZIM will charter the three LNG dual-fuel container vessels to serve across its various global-niche trades.
- The 7,000 TEU vessels will be constructed at the South Korean shipyard Hyundai Samho Heavy Industries and are scheduled to be delivered during the first and second quarters of 2024.
ZIM Integrated Shipping Services, an Israeli shipping company has entered into a new eight-year charter agreement for three 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels as reported by Offshore Energy.
Worldwide specialised trades
The $400 million agreement was struck with a shipping company linked with ZIM’s largest shareholder, Kenon Holdings, which owns approximately 26% of the company’s issued share capital, as previously stated.
ZIM will charter the three LNG dual-fuel container boats under the arrangement to fulfil its different worldwide specialised trades.
The 7,000 TEU vessels will be built at the Hyundai Samho Heavy Industries shipyard in South Korea and will be delivered in the first and second quarters of 2024.
Containership contracts
Eli Glickman, the company’s president and CEO, said that increasing “green” LNG-fueled capacity will allow ZIM to help its customers reduce their carbon impact.
“We are thrilled to sign into another charter arrangement to secure high-quality tonnage, with an emphasis on acquiring exceptionally adaptable boats that can serve us on many trades,” says the company. While we work to secure our core operational fleet in order to meet expanding market demand, we are committed to preserving significant fleet flexibility in order to execute our proven global-niche strategy and effectively serve our customers,” Glickman added.
Under the strategic deal, the Israeli company will long-term charter fifteen 7,000 TEU LNG vessels from Seaspan Corporation, as well as ten 15,000 TEU LNG-fueled containerships, starting in 2021.
Deliveries of 7,000 TEU vessels are expected to begin in Q4 2023 and continue through 2024, while deliveries of 15,000 TEU LNG ships are expected to commence in the first half of 2023, with 12-year charters to follow.
ZIM announced in October 2021 that it has purchased seven secondhand boxships in contracts worth up to $320 million, five of which have a capacity of 4,500 TEU and the other two are 1,100 TEU containerships.
Did you subscribe to our newsletter?
It’s free! Click here to subscribe!
Source: Offshore Energy
