ZIM in billion dollar LNG-powered containerships charter deal with Seaspan

The Israeli shipping line said it was chartering 10 LNG dual-fuelled 15,000 teu containerships from Seaspan to be built at Samsung Heavy Industries. According to ZIM the long-term charter deal is worth “in excess” of a billion dollars and the vessels will be deployed on the Asia – US East Coast trade.

Eli Glickman, ZIM president & ceo, said: “These top of the line advanced vessels will allow us to meet growing market demand on the Asia - US East Coast trade and provide top-level, reliable service to our customers on this important trade lane.”

The shipping company said that according to PIERS it has a 9% share of the Asia – US East Coast trade.

The move also sees ZIM joining a growing number of owners and operators in container shipping and other sectors opting for LNG as marine fuel to reduce emissions.

“In line with our core sustainability values, investing in LNG-fueled "green" vessels demonstrates our continued commitment and leadership in addressing environmental issues related to our industry, meeting customer demand to reduce CO2 emissions, helping to preserve clean air and reducing our carbon footprint,” Glickman said.

The vessels are expected to be delivered between February 2023 and January 2024.

Bing Chen, chairman, president and ceo of Seaspan, commented: "This transaction signifies both ZIM's and Seaspan's commitment to ESG principles, carbon reduction, and resolve to contribute to a greener business community in the future."

Related:Hapag-Lloyd believes LNG a good fuel choice ‘at this time’