HAIFA, Israel, Sept. 1, 2021 /PRNewswire/ -- ZIM Integrated
Shipping Services Ltd. (NYSE: ZIM), announced today the
exercise of its option to long-term charter additional five 7,000
TEU liquefied natural gas (LNG) dual-fuel container vessels from
Seaspan Corporation, pursuant to a transaction previously announced
by ZIM and Seaspan in July 2021.
Under this previously announced transaction, ZIM already entered
into long term charter agreements for ten 7,000 TEU LNG vessels
which are due to be delivered starting from the fourth quarter of
2023 and into 2024, so that the total vessels to be chartered
under this transaction after the option exercise is fifteen (15).
The value of this option for ZIM is in excess of $750 million.
Eli Glickman, ZIM President
& CEO, stated: "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."
About ZIM
ZIM is a global, asset-light container liner shipping company
with leadership positions in the markets where it operates. Founded
in Israel in 1945, ZIM is one of
the oldest shipping liners, with over 76 years of experience,
providing customers with innovative seaborne transportation and
logistics services with a reputation for industry leading transit
times, schedule reliability and service excellence.
Forward Looking Statements
This release contains certain forward-looking statements (as
such term is defined in Section 21E of the Securities Exchange Act
of 1934, as amended) concerning future events, including
forward-looking statements regarding ZIM's ability to meet growing
market demand and to provide reliable service to customers, as well
as assessment as to the growth trend of the market. These risks and
uncertainties include, but are not limited to: the possibility that
ZIM will not be able to meet demand from customers, the risk that
the growth trend of the market will not continue or be slower than
expected; and other factors detailed from time to time in ZIM's
periodic reports and filings with the Securities and Exchange
Commission ("SEC"), including ZIM's annual report on Form 20-F
filed with the SEC on March 22, 2021.
ZIM expressly disclaims any obligation to update or revise any of
these forward-looking statements, whether because of future events,
new information, a change in its views or expectations, or
otherwise. ZIM does not make any prediction or statement about the
performance of its securities.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-8652520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
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SOURCE ZIM Integrated Shipping Services Ltd.