ZIM signs $1.5bn deal for charter of LNG vessels

ZIM Integrated Shipping Services (ZIM) and Seaspan Corporation, a wholly owned subsidiary of Atlas Corp, have signed a new strategic agreement for the long-term charter of ten 7 000-TEU liquefied natural gas (LNG) dual-fuel container vessels to serve ZIM's various global niche trades.

This is in addition to the long-term charter agreement for ten 15 000-TEU LNG-fuelled vessels signed between the two companies in February this year. 

The latest deal is worth in excess of $1.5 billion.  

"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,” said ZIM president and CEO, Eli Glickman.