Zim Shipping Company
Zim
+ 6.56%
closure:0
opening:18.72
High:20.01
low:18.5
cycle:–
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And SEASPAN, which leases ships, have signed a strategic agreement under which ZIM will lease ten natural gas (LNG) ships for a total of $ 10 billion.
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The ships have a carrying capacity of 15,000 containers each and are expected to be on the line between Asia and the east coast of the United States. ZIM is expected to receive them between February 2023 and January 2024.
Against the background of the deal, Eli Glickman, CEO of ZIM, said: “This is a strategically important agreement for ZIM. The deal will allow us to achieve two goals – the newer ships will enable us to meet the needs of the growing market in trade between Asia and the US East Coast and provide our customers with a reliable and quality service on this important trade route. With our commitment, and with our customers’ requirement
Zim’s share, which was issued only ten days ago, fell by 20% in its first day and has since soared by 60% to a value of $ 2.25 billion.
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