ZIM’s first LNG-powered container ship goes on its maiden voyage Ship’s crew

Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) has announced that its first LNG-powered newbuild has completed its maiden voyage.

The M/V ZIM Sammy Ofer is the first of ten 15,000 TEU-class dual-fuel LNG vessels that the Company will charter from Seaspan Corporation for use on ZIM trades between Asia and the US East Coast. All ten are built in South Korea by Samsung Heavy Industries.

AIS data from www.marinetraffic.com shows the ship leaving Busan, South Korea, March 5 bound for the Panama Canal.

ZIM Sammy Offer is the first of many newly built container ships with dual-fuel LNG capability expected to join ZIM’s chartered fleet over the next few years.

In addition to the ten 15,000 TEU vessels, ZIM has charter agreements with Seaspan Corporation for an additional fifteen 7,000 TEU dual-fuel vessels currently under construction for delivery beginning in the fourth quarter of this year. Agreements are also in place to charter three additional 7,000 TEU dual-fuel LNG vessels from companies affiliated with Kenon Holdings for a period of eight years. These vessels are under construction at Hyundai Samho Heavy Industries in South Korea and are scheduled for delivery in the first and second quarters of 2024.

“This is a historic event for Seaspan and our valued partner, ZIM,” said Bing Chen, President and CEO of Seaspan and its parent company, Atlas Corporation. “We are honored to deliver the vessel in recognition of a legendary industry icon, the late Mr. Sammy Ofer, as we continue our journey towards decarbonization. ZIM’s significant fleet of highly efficient LNG vessels, tailored to ZIM, will accelerate both companies’ progress towards our next phases of sustainable shipping. Our subsequent deliveries of 15,000 TEU and 7,800 TEU LNG dual-fuel newbuilds in 2023 are further evidence of our commitment to our ESG values ​​and a more sustainable shipping industry. We are particularly honored to be working with ZIM to create this forward-thinking milestone to bring these state-of-the-art ships to market.”

Last August, ZIM signed a ten-year, $1 billion sale and purchase agreement with Shell to supply LNG fuel for the ten 15,000 TEU Seaspan vessels.

SAMMY OFFERS SEA TRIAL

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