South Korean shipbuilder Samsung Heavy Industries (SHI) has laid the keel of the 15,000 TEU dual-fuel container ship Sammy Ofer at its Geoje yard.
LNG-powered vessel set to join Israeli shipping company’s fleet ZIM Integrated Shipping Services in 2023 under a long-term charter contract. The vessel will serve the carrier’s trade between Asia and the US East Coast.
The ship was ordered as part of a series of ten ships in 2021 by Seaspan Corporation, a container ship owner and operator based in Hong Kong.
The 12-year charter period for the ten vessels will see ZIM pay $1.8 billion for the vessels.
LNG has been a critical part of the company’s ESG strategy and ZIM has been on a charter spree for LNG-fueled container ships over the past two years.
In 2021, the shipping major also leased a total of fifteen 7,000 TEU LNG-powered container ships from Seaspan, which are expected to be delivered from the fourth quarter of 2023 until 2024.
Most recently, ZIM announced an eight-year charter agreement worth $400 million with a shipping company affiliated with Kenon Holdings Ltd for three 7,000 TEU LNG dual-fuel container ships. The vessels will be built at Korea’s Hyundai Samho Heavy Industries shipyard and are expected to be delivered in the first and second quarters of 2024.
ZIM reported strong second quarter results, including net income of $1.34 billion, as well as its best half-year results with stellar margins.
“Despite the backdrop of various challenges, based on our strong year-to-date performance coupled with spot and contract rates that remain highly profitable, we reaffirm our guidance for 2022, which would mark another year of earnings and profitability. record.
“Going forward, we are confident that our differentiated strategy, the proactive steps we have taken to strengthen our commercial offering and secure cost-effective newbuild capacity through multiple charter arrangements, and continued investment in digital initiatives and disruptive technologies, will position ZIM as one of the top performers. in our industry and enable us to deliver long-term value to our shareholders,” Eli Glickman, ZIM’s president and CEO said commenting on the results earlier this month.