ZIM Enters New Chartering Transaction For Six Newbuild Vessels

ZIM Integrated Shipping Services Ltd 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.