ZIM Integrated (ZIM) announced new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas dual-fuel container vessels, with total charter hire consideration of approximately $2.3B to serve across ZIM’s various global trades. Seven of the vessels will be chartered to ZIM by Containers Ventures Holdings, an affiliate of the TMS Group, and three will be chartered to ZIM by a shipping company that is affiliated with Kenon Holdings, Ltd., which was ZIM’s largest shareholder until the end of 2024. The vessels will be constructed at Zhoushan Changhong Shipyard in China, with delivery expected between 2027 and 2028.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZIM:
- Trump Trade: Tariff plan still being worked on ahead of unveiling
- Trump’s reciprocal tariffs sets ocean shipping industry on edge, Reuters says
- Hapag-Lloyd (HLAG) Joins ZIM to Warn of Choppy Waters in 2025
- ZIM Announces Reduced Withholding Tax for Upcoming Dividend
- ZIM Integrated price target lowered to $13.50 from $16 at Barclays