ContainersMiddle East

ZIM opts to buy rather than charter for latest expansion

Illustrative of the sky high charter rates being banded around at the moment, Israeli carrier ZIM has opted to buy rather than rent some ships. The liner traditionally charters most of its tonnage but has moved to buy four classic panamaxes – all in the 4,200 to 4,600 teu range.

No price has been revealed for the quartet which brokers list as the Harpy Hunter, Heron Hunter, ALS Fauna and ALS Juno.

“This does not indicate a change of strategy but rather seizing a market opportunity and utilising available cash to best enhance our service to customers,” a spokesperson at ZIM headquarters told Splash today.

ZIM is the world’s 11th largest carrier with 402,670 slots in its fleet according to the latest data from Alphaliner.

Nearly $6bn in secondhand boxship tonnage has changed in 2021 so far in what has been a record S&P year for the segment.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


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