ZIM Integrated Shipping Services Ltd. and Seaspan Corporation have announced today (12 February) a strategic agreement for the long-term charter of ten 15,000TEU liquefied natural gas (LNG) dual-fuel container vessels.
[s2If is_user_logged_in()]The chartered ships will be built by Korean-based Samsung Heavy Industries, commissioned by Seaspan, and are expected to be delivered to ZIM between February 2023 to January 2024.
“We are delighted to partner with industry leaders such as Seaspan and Samsung Heavy Industries on this transaction,” said ZIM president and CEO, Eli Glickman.
The Israeli shipping line aims to deploy the vessels on its Asia – US East Coast trade, where it has an estimated market share of 9% according to market intelligence provider, PIERS.
The value of the agreement exceeds US$1 billion according to Eli Glickman, who said that the deal will help the company to manage the growing market demand on the specific trade, while at the same time it will enable them to reduce CO2 emission.
Bing Chen, the chairman, president and CEO of Atlas Corporation-owned Seaspan, commented, “This transaction signifies both ZIM and Seaspan’s commitment to ESG [environmental, social, and governance] principles, carbon reduction, and resolve to contribute to a greener business community in the future.”
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