ZIM Integrated Shipping Services Ltd., introduced its alternative to long-lasting charter added 5 7,000 TEU melted gas (LNG) dual-fuel container vessels from Seaspan Corporation, according to a purchase formerly introduced by ZIM as well as Seaspan in July 2021.

Under this formerly introduced purchase, ZIM currently became part of long-term charter arrangements for 10 7,000 TEU LNG vessels which result from be supplied beginning with the 4th quarter of 2023 as well as right into 2024, to make sure that the complete vessels to be hired under this purchase after the alternative workout is fifteen (15 ). The worth of this alternative for ZIM remains in unwanted of $750 million.

Representation Image– Credits: zim.com

Eli Glickman, ZIM President & & CHIEF EXECUTIVE OFFICER, mentioned:“With this option exercise, we are securing ZIM’s core fleet needed to serve our operations and meet our customers’ growing needs, while continuing to maintain our operational agility. Furthermore, this transaction demonstrates our deep commitment to the environment and to reducing our carbon footprint. We continue to invest the resources necessary to be an industry leader and to prepare ourselves for the cleaner future of our industry.”