ZIM splashes $320 million on seven containerships

October 27, 2021 Maritime Safety News

Israeli shipping company ZIM Integrated Shipping Services has revealed that during the month of October the firm acquired seven secondhand boxships in a number of separate transactions.

As informed, the secondhand vessels are built between 2007 and 2006. Five of them have the capacity of 4,500 TEU while the last two are 1,100 TEU containerships. The total value of the contracts goes up to $320 million.

“Since going public our focus has been to allocate capital to strengthen our commercial prospects and create long-term shareholder value. With the opportunistic acquisition of these much-needed vessels, we have drawn on … our agile approach to maintain and expand our operating flee,” Eli Glickman, ZIM President & CEO, stated.

“Going forward, we will continue to complement our primary strategy of chartering-in the vast majority of our vessels, by selectively acquiring second-hand tonnage when the appropriate opportunities arise.

Last month, the company exercised its option to long-term charter additional five 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels from Seaspan Corporation.

 

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ZIM splashes $320 million on seven containerships