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Benzinga
Benzinga
Business
Akanksha Bakshi

ZIM Inks Chartering Agreement For Three Container Vessels

NYSE ZIM Integrated Shipping Services Ltd
  • ZIM Integrated Shipping Services Ltd (NYSE:ZIM) entered a new eight-year charter agreement with a shipping company affiliated with Kenon Holdings Ltd.,
  • ZIM will charter three 7,000 TEU liquefied natural gas dual-fuel container vessels to serve across its various global-niche trades for total consideration of ~$400 million.
  • The vessels will be constructed at a Korean-based shipyard, Hyundai Samho Heavy Industries, with deliveries scheduled during the first and second quarters of 2024.
  • "We are pleased to enter into another charter agreement to secure high quality tonnage, with a focus on adding extremely versatile vessels that could serve us on multiple trades," said CEO Eli Glickman.
  • Price Action: ZIM shares are trading higher by 0.25% at $63.86 on the last check Tuesday.
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