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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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