ZIM strikes $400 million deal on LNG dual-fuel container vessels

Odessa, Ukraine - April 25, 2019:  Container terminal in Odessa seaport.

ZIM Integrated Shipping Services (ZIM) has announced a new $400 million deal to charter three 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels.

The eight-year agreement – with a shipping company affiliated with Kenon Holdings Ltd – will be constructed at Korean-based shipyard Hyundai Samho Heavy Industries.

The vessels are scheduled to be delivered during the first and second quarters of 2024.

Eli Glickman, ZIM President & CEO, stated: “We are pleased to enter into another charter agreement to secure high quality tonnage, with a focus on adding extremely versatile vessels that could serve us on multiple trades.

“Importantly, adding ‘green’ LNG-fuelled 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.”

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