ZIM Announces New Long-Term Chartering Agreements for Ten 11,500 TEU LNG Dual-Fueled Vessels
Vessels are Expected to be Delivered in 2027-2028
HAIFA, Israel, April 7, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today new agreements for the long-term charter of ten 11,500 TEU liquefied natural gas (LNG) dual-fuel container vessels, with total charter hire consideration of approximately $2.3 billion to serve across ZIM's various global trades.
Seven of the vessels will be chartered to ZIM by Containers Ventures Holdings Inc., an affiliate of the TMS Group, and three will be chartered to ZIM by a shipping company that is affiliated with Kenon Holdings, Ltd., which was ZIM's largest shareholder until the end of 2024. The vessels will be constructed at Zhoushan Changhong Shipyard in China, with delivery expected between 2027 and 2028.
Eli Glickman, ZIM President & CEO, stated: "After having received all 46 newbuilds we contracted in 2021 and 2022, which significantly improved the efficiency of our operated capacity, we are pleased to further advance our fleet strategy by securing long-term charters for these 11,500 TEU newbuild LNG dual-fuel containerships. These agreements ensure access to an important vessel segment and further strengthen our core LNG fleet, which is a critical commercial differentiator. Importantly, this versatile capacity is ideally suited for ZIM's various global trades, enhancing our commercial agility and growth potential."
Mr. Glickman added: "Expanding our LNG fleet supports ZIM's decarbonization objectives and solidifies our position as an industry leader in carbon intensity reduction. Operating LNG capacity has proved commercially advantageous for ZIM and we anticipate increased demand for environmentally friendly shipping options, making access to LNG capacity even more beneficial in the future."
Mr. Glickman concluded, "The addition of these ten LNG dual-fuel vessels will help keep our modernized fleet competitive and support profitable growth over the long term, benefiting our shareholders."
About ZIM
Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with established operations in more than 100 countries serving approximately 33,000 customers in over 330 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages.
Additional information about ZIM is available at www.ZIM.com.
Forward-Looking Statements
The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). 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 future financial results, 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: our expectations regarding general market conditions as a result of the current geopolitical instability, developments and further escalation of events, including, but not limited to, the Houthi attacks against vessels in the Red Sea, the war between Israel and Hamas, Iran and Iranian-backed proxies, the political and military instability in the Middle East and the war between Russia and Ukraine; our expectations regarding general market conditions as a result of global economic trends, including potential rising inflation and interest rates as a result of geopolitical and other events; our expectations regarding trends related to the global container shipping industry, including with respect to fluctuations in vessel and container supply, industry consolidation, demand for containerized shipping services, bunker and alternative fuel prices and supply, charter and freights rates, container values and other factors affecting supply and demand; our plans regarding our business strategy, areas of possible expansion and expected capital spending or operating expenses; our ability to adequately respond to political, economic and military instability in Israel and the Middle East (particularly as a result of the Israel-Hamas war and the Israel-Hezbollah and Israel-Iran armed conflicts), and our ability to maintain business continuity as an Israeli-incorporated company in times of emergency; our ability to effectively handle cyber-security threats and recover from cyber-security incidents, including in connection with the war between Israel and Iran and Iranian-backed proxies; our anticipated ability to obtain additional financing in the future to fund expenditures; our expectation of modifications with respect to our and other shipping companies' operating fleet and lines, including the utilization of larger vessels within certain trade zones and modifications made in light of environmental regulations; the expected benefits of our cooperation agreements and strategic partnerships; formation of new alliances among global carriers, changes in and disintegration of existing alliances and collaborations, including alliances and collaborations to which we are not a party to; our anticipated insurance costs; our expectations regarding the availability of crew; our expectations regarding our environmental and regulatory conditions, including extreme weather events (such as the drought conditions in the Panama Canal), changes in laws and regulations or actions taken by regulatory authorities, and the expected effect of such regulations; our expectations regarding potential liability from current or future litigation; our plans regarding hedging activities; our ability to pay dividends in accordance with our dividend policy; our expectations regarding our competition and ability to compete effectively. and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including under the caption "Risk Factors" in its 2024 Annual Report filed with the SEC on March 12, 2025.
Although the Company believes 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 ShatsZIM Integrated Shipping Services Ltd.+972-4-865-2520shats.avner@zim.comInvestor Relations:Elana HolzmanZIM Integrated Shipping Services Ltd.+972-4-865-2300holzman.elana@zim.comLeon BermanThe IGB Group212-477-8438lberman@igbir.com
Logo: https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/zim-announces-new-long-term-chartering-agreements-for-ten-11-500-teu-lng-dual-fueled-vessels-302421881.html
SOURCE ZIM Integrated Shipping Services Ltd.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Citi Raises Dell (DELL) Price Target to $160, Keeps Buy Ahead of Earnings
Dell Technologies Inc. (NYSE:DELL) is one of the 10 AI Stocks Making Waves on Wall Street. On August 11, Citi analyst Asiya Merchant raised the firm's price target the stock to $160 from $135 and kept a Buy rating on the shares. The rating affirmation comes ahead of Dell's earnings report. According to the firm, supply chain commentary indicates that enterprise hardware spending is tracking modestly. This is better than expected outside of print and consumer computers. Photo by Its me Pravin on Unsplash Dell Technologies Inc. (NYSE:DELL) provides IT solutions, including servers, storage, networking, and personal computing devices, to businesses and consumers worldwide. While we acknowledge the potential of DELL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
23 minutes ago
- Yahoo
Stifel Cautious on Twilio (TWLO) Despite Agentic AI Tailwinds
Twilio Inc. (NYSE:TWLO) is one of the 10 AI Stocks Making Waves on Wall Street. On August 8, Stifel analyst J. Parker Lane reiterated a Hold rating on the stock with a $110.00 price target. The hold rating comes despite Twilio achieving its third consecutive quarter of double-digit revenue growth. 'Twilio reported its third consecutive quarter of double-digit revenue growth and fifth consecutive of acceleration while providing what we view as a strong top-line guide for 3Q and the full year.' Profit margins were under pressure as the lower-GM Messaging business made up more of the company sales, dragging down the company's overall gross margin. Verizon's increased A2P messaging rate also impacted margins in the quarter and guide, resulting in $6 million in incremental pass-through to the company's reported revenue. An analyst studying charts and graphs in her office, pouring over details of the company's portfolio performance benchmarking. Nevertheless, Stifel noted that Twilio continues to benefit from agentic AI tailwinds. These AI customers rely heavily on Voice which is why they are profitable and reap high gross margins. 'As such, the full-year op income guide was only maintained, leading to after-hour weakness. Finally, the company continues to benefit from agentic AI tailwinds, noting 'many' AI customers are spending at a seven-figure run-rate, while also noting these AI startups carry far higher gross margins (80% blended GM for top 10) considering their reliance on Voice. We maintain our Hold rating and $110 target price on TWLO shares.' Twilio Inc. (NYSE:TWLO) is a leading cloud communications platform-as-a-service (CPaaS) company. While we acknowledge the potential of TWLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
38 minutes ago
- Yahoo
Is UPS Stock Stuck Back at Pre-Pandemic Levels, or Is There Room for Recovery in 2025?
Key Points United Parcel Service's stock rose sharply during the pandemic as shopping from home rose. As the post-pandemic world opened back up again, UPS' business stalled and the company began to revamp its operations. UPS is preparing for the future by slimming down and refocusing on its highest-margin operations. 10 stocks we like better than United Parcel Service › United Parcel Service (NYSE: UPS) is a vital cog in the e-commerce space. That was a boon to the business during the coronavirus pandemic, but it has been a bit of a trouble spot now that the world has learned to live with COVID-19. In fact, the stock now trades at around the same levels it did prior to the stock's pandemic rally. Is this package delivery giant stuck in neutral, or is there hope for the future? Why did investors get so excited about UPS? Wall Street has a really bad habit of getting a story in its teeth and then running with it. Investors usually run too far, leading to a deep snapback in the share price of whatever investments got caught up in the story. That is the backdrop for UPS' huge price advance in 2020 and 2021. And its subsequent crash in 2022, which is still ongoing today. Essentially, the stock has made a full round trip from bull to bear, currently trading hands at around the same levels it did prior to the pandemic rally. What changed? During the pandemic, people were stuck at home and did a lot more online shopping. That led to increased demand for delivery services like the one UPS operates. Investors appear to have reasoned that demand would grow forever. It didn't. When the world moved past COVID, UPS realized it had to change things up. It started by slimming down and using more technology. At the same time, however, it had to deal with a new, more costly, union contract. As it started to get a handle on its business overhaul, it proactively chose to halve the low-margin business relationship it has with Amazon (NASDAQ: AMZN), its largest customer. The near term is likely to remain bumpy Here's the problem: UPS' current efforts are all near-term headwinds, even though they are likely to be long-term positives. For example, slimming down has included exiting certain businesses, which shrinks UPS and leads to volatility and uncertainty on the income statement. Closing facilities and increasing the use of technology both increase costs in the near term, even though they will likely reduce costs over the long term. The union contract's pay raises increased costs. But it creates more stability over the long term, since the dispute is resolved. And while focusing on more profitable business will likely lead to improved margins, it might also result in top-line weakness. That's particularly true with UPS' decision to materially reduce its work with Amazon. However, less revenue that is more profitable is better than growing the business by leaning into mediocre delivery niches. But, taken together, it seems like 2025 is going to be another transition year for UPS. That's likely to linger into at least 2026, as well, since the moves management is making are large and strategic in nature. Or, to put that another way, there are likely to be more bumps in the road for UPS before it sees a material recovery in its financial results or a big advance in stock price. UPS is a high-yield turnaround story At the end of the day, UPS is not going to be a great fit for most investors. There are a lot of moving parts, and the stock is likely to only interest turnaround investors. Yes, there's a huge yield on offer, noting the stock's 7.5% dividend yield. But sometimes turnarounds lead to dividend cuts, and the payout ratio has already risen to a fairly high 90%+, which materially increased the risk here for dividend investors. UPS is best suited to more aggressive investors who think in decades and not days, weeks, or even months. Should you buy stock in United Parcel Service right now? Before you buy stock in United Parcel Service, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and United Parcel Service wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 11, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and United Parcel Service. The Motley Fool has a disclosure policy. Is UPS Stock Stuck Back at Pre-Pandemic Levels, or Is There Room for Recovery in 2025? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
