ZIM to charter 13 box ships to boost fleet

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  • Five secondhand vessels to be delivered in the first two quarters of 2022
  • Eight newbuilds to be delivered in 2023-2024
  • The charter hire deal will cost about US$870 million

Ocean carrier ZIM Integrated Shipping Services said it will charter 13 container vessels—comprised of five secondhand vessels and eight newbuilds—for a total charter hire consideration of approximately US$870 million.

The Israeli shipping line said it signed the new charter agreement for the five secondhand vessels with capacity ranging from 3,500 TEUs to 4,360 TEUs and the eight wide-beam newbuilds with capacity of 5,300 TEUs with Navios Maritime Partners L.P.

The secondhand vessels are expected to be delivered in the first and second quarters of 2022 and will be deployed across ZIM’s global network. The newbuilds, scheduled to be delivered during the third quarter of 2023 through the fourth quarter of 2024, are expected to be deployed in trades between Asia and Africa.

The charter duration of the secondhand vessels is up to 4.5 years, while the charter duration of the newbuild vessels is up to 5.3 years.

The carrier said the latest chartering transaction is aimed at further strengthening its core operating fleet and supporting long-term growth.

Photo by Daniel Ramirez