ZIM has announced that during October 2021, it purchased seven secondhand vessels (built between 2007-2009) in several separate transactions. The vessels purchased include five 4,250 TEU vessels and two 1,100 TEU vessels, for a total consideration of approximately $320 million.
Eli Glickman, ZIM President & CEO, stated: “Since going public, our focus has been to allocate capital to strengthen our commercial prospects and create long-term shareholder value. With the opportunistic acquisition of these much-needed vessels, we have drawn on our strong cash position and our agile approach to maintain and expand our operating fleet to meet growing customer demand while remaining committed to delivering industry superior profitability. Going forward, we will continue to complement our primary strategy of chartering in the vast majority of our vessels by selectively acquiring secondhand tonnage when the appropriate opportunities arise.”
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