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ZIM and Seaspan Announce New Long-Term Chartering Agreement for Ten 7,000 TEU LNG-Fueled Vessels
ZIM Integrated Shipping Services Ltd., 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 publi
Photo: ZIM Line
ZIM has added a further $1.5bn in charters with tonnage provider Seaspan Corp for ten 7,000 teu, LNG-fuelled containership newbuildings.
The ten 7,000 teu newbuildings order by Seaspan for long term charter to ZIM are expected to be delivered from Q4 2023 and through 2024. ZIM said the charter deals were worth in excess of $1.5bn and the vessels would be deployed on various niche-global trades in which the line operates.
“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,” said Eli Glickman, ZIM President and CEO.
Seaspan Announces Order for Ten 7,000 TEU Dual-Fuel LNG Containership Newbuilds
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