HAIFA, Israel, March 30, 2022 /PRNewswire/ -- ZIM
Integrated Shipping Services (NYSE: ZIM) announced today a new
charter transaction with a group of investors initiated by MPC
Capital AG, according to which ZIM will charter a total of up to
six 5,500 TEU wide beam newbuild vessels for a period of 7 years
and total charter hire consideration of approximately up
to $600 million. The vessels will be constructed at
Korean-based shipyard, HJ Shipbuilding & Construction
(formally known as Hanjin Heavy Industries & Construction Co.),
and are scheduled to be delivered between May 2023 and February
2024.
Eli Glickman, ZIM President
& CEO, stated: "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. We continue to advance our strategy of
chartering in highly versatile vessels to strengthen our commercial
prospects, maintain our flexibility and enhance our position as an
innovative provider of seaborne transportation. With a commitment
to delivering industry superior profitability, we expect to
continue to employ a prudent capital allocation approach, while
maintaining our operational agility and creating enduring value for
shareholders."
About ZIM
ZIM (NYSE: ZIM) is a global container liner shipping company
with leadership positions in the markets in which it operates.
Founded in Israel in 1945, ZIM is
a veteran shipping liner, with decades of experience providing
customers with innovative seaborne transportation and logistics
services, and a reputation for industry-leading transit times,
schedule reliability and service excellence. Additional information
about ZIM is available at www.ZIM.com.
Forward Looking Statements
This press release contains or may be deemed to contain
forward-looking statements (as defined in the U.S. Private
Securities Litigation Reform Act of 1995 and the Israeli Securities
Law, 1968). In some cases, you can identify these statements by
forward-looking words such as "may," "might," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict,"
"potential" or "continue," the negative of these terms and other
comparable terminology. These forward-looking statements, which are
subject to risks, uncertainties and assumptions about the Company,
may include projections of the Company's new service capabilities
and advantages, future financial results thereof, as well as its
anticipated growth strategies and anticipated trends in its
business. These statements are only predictions based on the
Company's current expectations and projections about future events
or results. There are important factors that could cause the
Company's actual results, level of activity, performance, or
achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements. Factors that could cause such
differences include, but are not limited to: market changes in
freight, bunker, charter and other rates or prices, new legislation
or regulation affecting the Company's operations, new competition
and changes in the competitive environment, the outcome of legal
proceedings to which the Company is a party, and other risks and
uncertainties detailed from time to time in the Company's filings
with the U.S. Securities and Exchange Commission, including under
the caption "Risk Factors" in its 2021 Annual Report.
Although the Company believes that the expectations reflected in
the forward-looking statements contained herein are reasonable, it
cannot guarantee future results, level of activity, performance or
achievements. Moreover, neither the Company nor any other person
assumes responsibility for the accuracy and completeness of any of
these forward-looking statements. The Company assumes no duty to
update any of these forward-looking statements after the date
hereof to conform its prior statements to actual results or revised
expectations, except as otherwise required by law.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
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SOURCE ZIM Integrated Shipping Services Ltd.