For a total hire price of roughly $600 million, NYSE-listed Israeli carrier ZIM Integrated Shipping Services will charter up to six 5,500 TEU broad beam newbuild vessels for seven years. MPC Capital AG launched the charter transaction, and ZIM signed it with a group of investors.
The ships will be built at the HJ Shipbuilding & Construction shipyard in Korea and will be delivered between May 2023 and February 2024.
“We are pleased to announce another attractive chartering transaction for newbuild vessels, securing modern and efficient tonnage vessels which are ideally suited to serve on our expanded network of expedited services, as well as other regional services,” says Eli Glickman, President & CEO, ZIM.
The average freight rate per TEU more than doubled to $2,786 for 2021 as against $1,229 for 2020 as ZIM announced record numbers – total revenue of $10.73 billion for 2021 compared to $3.99 billion for 2020 – an increase of 168 percent. Net income for the full year was $4.65 billion (including a tax expense of $1.10 billion) compared to $524 million for 2020.