ZIM - ZIM and Seaspan inks new long-term charter agreement worth $1.5B for ten 7000 TEU LNG-fueled vessels

ZIM Integrated Shipping Services (ZIM) and Seaspan Corporation ((SSWN)), a wholly-owned subsidiary of Atlas (ATCO) has signed a new strategic agreement for the long-term charter worth in excess of $1.5B, of ten 7,000 TEU liquefied natural gas ((LNG)) dual-fuel container vessels, to serve across ZIM's various global-niche trades. Eli Glickman, ZIM President & CEO, stated: "We are very pleased to once again partner with Seaspan as we strategically enhance our operating fleet to further facilitate our long-term strategy. With this second long-term chartering agreement, we are securing access to our core fleet, while maintaining operational agility with respect to the total number of vessels we operate. Since going public, and further evidenced by this transaction, we remain committed to deploying capital prudently and enhancing shareholder value."In February 2021, ZIM and Seaspan announced a long-term charter agreement for ten 15,000 TEU LNG-fueled vessels.

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ZIM and Seaspan inks new long-term charter agreement worth $1.5B for ten 7,000 TEU LNG-fueled vessels