HAIFA, Israel, Feb. 17, 2022 /PRNewswire/ -- ZIM Integrated
Shipping Services Ltd. (NYSE: ZIM) announced today that
following its previous update on the extension of its operational
cooperation agreement with the 2M
partners, the parties have formally finalized the related documents
in connection with their continued collaboration. The agreement is
subject to regulatory approval.
As previously communicated, effective April 2, 2022, ZIM and the 2M alliance partners will operate their joint
services on the Asia – US East
Coast (USEC) and Asia – US Gulf
Coast (USGC) trades based on a slot exchange and vessel sharing
agreement. Accordingly, ZIM will now solely operate two out of the
six joint Asia to USEC services
(ZCP & ZSE) as well as three additional vessels on one of two
joint Asia to USGC services
(ZGX).
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.
ZIM 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.