• The three LNG dual-fuel container vessels are to be chartered for approximately US$400 million
  • Vessel deliveries are scheduled during the first two quarters of 2024

Global ocean carrier ZIM Integrated Shipping Services announced it has signed a new eight-year charter agreement for three container ships, each with a capacity of 7,000 twenty-foot equivalent units (TEUs).

The Israeli shipping liner said that under the agreement signed with a shipping company affiliated with Kenon Holdings Ltd, the three liquefied natural gas (LNG) dual-fuel container vessels will be chartered for a total consideration of approximately US$400 million.

Kenon Holdings is ZIM’s largest shareholder, which holds approximately 26% of ZIM’s issued share capital.

The vessels will be constructed at Korean-based shipyard Hyundai Samho Heavy Industries and are scheduled to be delivered during the first and second quarters of 2024 to serve ZIM’s various global niche trades.

ZIM president Eli Glickman said the company entered into another charter agreement to “secure high quality tonnage, with a focus on adding extremely versatile vessels that could serve us on multiple trades.”

He added: “As we work to secure our core operating fleet to meet growing market demand, we remain committed to maintaining significant fleet flexibility to execute our proven global-niche strategy and best serve our customers. Importantly, adding ‘green’ LNG-fueled capacity further strengthens ZIM’s position at the forefront of reducing carbon intensity among the global liners and will enable us to assist our customers in reducing their carbon footprint.”

Photo by Daniel Ramirez from Honolulu

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