HAIFA, Israel, Feb. 10, 2022 /PRNewswire/ -- ZIM Integrated
Shipping Services (NYSE: ZIM) announced today a new charter
agreement with Navios Maritime Partners L.P., according to which
ZIM will charter a total of thirteen container vessels comprising
five secondhand vessels and eight newbuild vessels for total
charter hire consideration of approximately $870 million. The five secondhand vessels which
range from 3,500-4,360 TEUs and are expected to be delivered in the
first and second quarters of 2022, will be deployed across ZIM's
global network. The eight 5,300 TEU wide beam newbuilds scheduled
to be delivered during the third quarter of 2023 through the fourth
quarter of 2024, are expected to be deployed in trades between
Asia and Africa. The charter duration of the secondhand
vessels is up to 4.5 years, while the charter duration of the
newbuild vessels is up to 5.3 years.
Eli Glickman, ZIM President
& CEO, stated: "With this latest chartering transaction, we
continue to execute on our strategy of chartering-in highly
versatile vessels to best serve our customers and meet significant
and sustained demand across our global network. This transaction
enhances our position as a global-niche operator, contributing
immediate much needed tonnage in required sizes, as well as
securing additional high-quality and cost-effective capacity to
meet growing demand in the future. Looking ahead, we expect to
continue to capitalize on opportunities to further strengthen our
commercial prospects and support our operational agility, while
maintaining our prudent capital allocation strategy to maximize
shareholder value."
About ZIM
ZIM (NYSE: ZIM) is a global container liner shipping company
with leadership positions in the markets in which it operates.
Founded in Israel in 1945, ZIM is
a veteran shipping liner, with decades of experience providing
customers with innovative seaborne transportation and logistics
services, a reputation for industry-leading transit times, schedule
reliability and service excellence. Additional information about
ZIM is available at www.ZIM.com.
Forward Looking Statements
This press 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; the risk that current trends in the chartering market
will weaken or reverse, 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.
+972-4-865-2520
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
View original
content:https://www.prnewswire.com/news-releases/zim-announces-new-chartering-agreement-for-thirteen-vessels-301479750.html
SOURCE ZIM Integrated Shipping Services Ltd.