Saturday, June 21, 2025
Home News ZIM confirms long-term chartering deal for 70,000TEU

ZIM confirms long-term chartering deal for 70,000TEU

The Israeli container carrier ZIM has confirmed its agreement with Canada-based vessel owner, Seaspan Corporation, for the long-term charter of ten 7,000TEU liquefied natural gas (LNG) dual-fuel container vessels.

ZIM will pay approximately US$1.5 billion in total with the company’s President and CEO, Eli Glickman, stating that “Since going public, and further evidenced by this transaction, we remain committed to deploying capital prudently and enhancing shareholder value.”

The delivery of the post-panamax vessels is expected to begin in the fourth quarter of 2023 and to be completed in 2024.

This charter agreement comes after another deal between ZIM and Seaspan in February, when the two companies announced a long-term chartering agreement for ten 15,000TEU LNG-fueled vessels.

“We are very proud to further ZIM’s leading environmental initiatives with advanced designs, competitive pricing, and valuable deliveries,” commented Bing Chen, Chairman, President and CEO of Seaspan.

Glickman added, “We are investing in ‘green’ vessels that use the cleanest technology currently available. We are proud that this transaction will further improve our carbon intensity standing among the global liners.”

ZIM noted that Clarksons Platou acted as its financial and professional advisor in connection with this transaction.





Latest Posts

CMA CGM streamlines Euraf5 service with West Africa Port pairings

CMA CGM has announced a revised rotation for its Euraf5 service, which links the Gibraltar Straits with West Africa. The reshaped route sees the removal...

Top 7 Ways OpenAI Is Solving Real-World Problems

Artificial Intelligence has moved beyond theory—it's solving real problems across industries and changing how we live, work, and create. Among the leaders in this...

Gemini Cooperation enhances Transpacific services with expanded port calls

The Gemini Cooperation, the strategic alliance between Hapag-Lloyd and Maersk, has announced key revisions to its Transpacific loops. As part of the update, the TP6/WC1...

CMA CGM launches Med–Red Sea service

CMA CGM is set to introduce a new regional service next month the Levant Red Sea Express focusing exclusively on linking Eastern Mediterranean ports...

MSC restructures Himalaya Express

MSC is set to overhaul its Himalaya Express service, removing its Black Sea leg in favor of a tighter focus on Western Mediterranean ports...
error: Content is protected !!