• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

OPINT

OPINT stands for Operational Intelligence

  • About
  • Sponsored Post
  • Make a Contribution
  • Contact

ZIM and Seaspan Announce New Long-Term Chartering Agreement for Ten 7,000 TEU LNG-Fueled Vessels

July 6, 2021 By admin Leave a Comment

Transaction Strengthens ZIM’s Operating Fleet, Facilitating Long-Term Growth Strategy and Maintaining Operational Agility

Vessel Deliveries to ZIM are Expected Beginning in the Fourth Quarter of 2023 and Throughout 2024

HAIFA, Israel and LONDON – ZIM Integrated Shipping Services Ltd. (“ZIM”) (NYSE: ZIM), and Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), announced today a new strategic agreement for the long-term charter, with monetary value in excess of $1.5 billion, of ten 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve across ZIM’s various global-niche trades. In addition, in February 2021, ZIM and Seaspan announced a long-term charter agreement for ten 15,000 TEU LNG-fueled vessels.

Eli Glickman, ZIM President & CEO, stated: “We are very pleased to once again partner with Seaspan as we strategically enhance our operating fleet to further facilitate our long-term strategy. With this second long-term chartering agreement, we are securing access to our core fleet, while maintaining operational agility with respect to the total number of vessels we operate. Since going public, and further evidenced by this transaction, we remain committed to deploying capital prudently and enhancing shareholder value.”

Zim Integrated Shipping Services Ltd
Cargo Shipper

Mr. Glickman continued, “Keeping with our commitment to reducing our carbon footprint and preserving our oceans, we are investing in state-of-the-art ‘green’ vessels that use the cleanest technology currently available. We are proud that this transaction will further improve our carbon intensity standing among the global liners.”

Bing Chen, Chairman, President and CEO of Seaspan, added: “We are very proud to further ZIM’s leading environmental initiatives with advanced designs, competitive pricing, and valuable deliveries. Together, our teams developed a creative and competitive solution by leveraging Seaspan’s decades of environmental expertise, newbuild experience, integrated platform, and trusted partnerships with shipyards. Our growing partnership and the twenty LNG-fueled newbuilds to date signify both ZIM’s and Seaspan’s commitment to carbon reduction and sustainable growth for our industry.”

Clarksons Platou acted as financial and professional advisor to ZIM in connection with this transaction.

About ZIM
ZIM is a global, asset-light container liner shipping company with leadership positions in the markets where it operates. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 76 years of experience, providing customers with innovative seaborne transportation and logistics services with a reputation for industry leading transit times, schedule reliability and service excellence.

About Atlas
Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with deep operational and capital allocation experience. Atlas targets long-term, risk adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Atlas’s two portfolio companies, Seaspan Corporation and APR Energy are unique, industry-leading operating platforms in the global maritime and energy spaces, respectively. For more information visit atlascorporation.com.

About Seaspan
Seaspan is a leading independent owner and operator of containerships with industry leading ship management services. Seaspan charters its vessels primarily pursuant to long-term, fixed-rate, time charters to the world’s largest container shipping liners. As of March 31, 2021, Seaspan’s fleet consists of 127 containerships, representing total capacity of approximately 1,073,000 TEU. As of today, July 6, 2021, Seaspan’s operating fleet consists of 131 vessels and 1,120,200 TEU. Seaspan also has 55 vessels under construction, increasing total capacity to 1,854,200 TEU, on a fully delivered basis. For more information visit seaspancorp.com.

SOURCE Zim Integrated Shipping Services Ltd.; Seaspan Corporation

Related

Filed Under: News Tagged With: shipping

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Opinion

Secret speeches of Xi Jinping
The Sack of Ukraine
This is Pallywood
Collection of Ukrainian charities
Russia’s struggles in Ukraine show how China might be kept at bay
Major Western corporations have either withdrawn or suspended business with Russia
Poland’s EU future in doubt after snub to bloc’s top court

Press Media Release

COVID-19 Update
Morabito Consultants Issues Statement on Building Collapse in Surfside, Fla.
Men Spend More on Purchases Made Through Social Media, GRIN Survey Reveals
Digital.com Survey Shows Nearly 50 Percent of Consumers Are Unlikely to Buy from Companies with Opposing Political Views
Woolpert Fully Reopens Offices in North America; Employees Offered Flexible Schedules
American Association of Nurse Practitioners Applauds Approval of COVID-19 Vaccine; Urges Public to Get Vaccinated
National Ambulatory Surgery Center Technology Company HST Pathways Unveils Product Rebranding: “HST Case Coordination”

Secondary Sidebar

Analysis

CFO Economic Outlook Worsens Amid Market Turmoil and Geopolitical Tension: Deloitte CFO Signals™ Survey 2Q 2022
CEOs Lower Growth Expectations While Facing Uncertainty and Volatility as Their Greatest Challenges
EG Radius Brings Market Analytics to the Commercial Real Estate Market
S&P Global Platts Launches Carbon-Neutral LNG (CNL) Assessment
An Economic Analysis of the Mortgage Interest Deduction

OSINT

There have been protests against Putin’s invasion of Ukraine in at least 44 Russian cities yesterday
Ayoob Entezari story is getting interesting
The Russian ship is sinking
Austria is a “veritable aircraft carrier” of covert Russian activity
Qatari institutions wired $800,000 to an Islamic State “judge” who ordered the murder of Sotloff and James Foley

Footer

Resent Posts

  • PNSF Director visits the world’s largest experimental earthquake infrastructure facility
  • Rate for shipping a 40ft container from Shanghai to Los Angeles has now fallen by 38%
  • Be a futurist
  • Set shorter deadlines
  • Schedule flexibility is the name of the game
  • Excellent CEOs spin 6 plates at once
  • Macro-Eyes Wins the 2022 xTeachsearch6 Army technology innovation competition
  • For the next 5 years Macron will be scratching around for the votes he needs to get anything done
  • A long and protracted conflict between Western democracies and authoritarian systems
  • ICE Semiconductor Index Selected as Benchmark for Mega International’s New Taiwan-Listed ETF

Media Partners

  • Dossier
  • VC Matters
  • Opinion
  • Press Media Release
  • OSINT
  • Digital Market
  • Briefly

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Domain Aftermarkets
  • Domain Market Research
  • S3H
  • VPNW

Copyright © 2018 OPINT.com

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT