Zim – genius or lucky – has no charter market exposure
Everything is a matter of timing
Zim has agreed a second order for 10 LNG-powered, dual-fuel 7,000 teu ships to be chartered from vessel owner Seaspan, the value of the deal said to be more than $1.5bn.
The first vessels are expected to be delivered in the fourth quarter of 2023, with the rest leaving the production line during the following year.
The agreement between Zim, which is listed on the New York Stock Exchange, and Seaspan Corporation, a subsidiary of Atlas Corp, follows the February long-term charter ...
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