News / Zim bypasses charter-only strategy with 'opportunistic' buys

Israeli shipping line Zim has revealed that it entered the second-hand market this month and acquired seven container ships.

This represents a switch from its asset-light strategy of sourcing tonnage purely from the charter market.

The seven purchases were built between 2007-2009 and include five 4,250 teu vessels and two of 1,100 teu, for which Zim paid a combined $320m in separate transactions

Eli Glickman, Zim president & CEO, said: “Since going public our focus has been to allocate capital to strengthen our ...