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ZIM Enters New Chartering Transaction For Six Newbuild Vessels

ZIM Integrated Shipping Services Ltd (NYSE:ZIM) entered a new charter transaction with a group of investors initiated by MPC Capital AG.…
byAkanksha Bakshi
March 30, 2022
1 minute read
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  • ZIM Integrated Shipping Services Ltd (NYSE:ZIM) entered a new charter transaction with a group of investors initiated by MPC Capital AG.
  • ZIM will charter up to six 5,500 TEU wide beam newbuild vessels for seven years, and total charter hires consideration of up to $600 million.
  • The vessels will be constructed at a Korean-based shipyard, HJ Shipbuilding & Construction, and will be delivered between May 2023 and February 2024.
  • Price Action: ZIM shares are trading lower by 0.62% at $73.51 on the last check Wednesday.
 
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