Zim ship

Israel’s Zim Integrated Shipping Services Ltd. is reported to be planning its first newbuilding orders since the financial crash.

Zim president and CEO Rafi Danieli noted that the company has not ordered newbuildings for nearly a decade, having entered the financial crisis with more than 40 containerships on order, most of which were cancelled.

Danieli noted that the company is in talks with yards, owners and banks, with the intention of ordering between seven and 10 ships of over TEU 13,000, to be deployed in the transpacific – whence 40% of Zim revenue comes – are also needed to exploit the expanded Panama Canal that opens next year.

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