ZIM announced the signing of a ten-year marine liquefied natural gas (LNG) sales and purchase agreement, which has been valued at more than one billion US Dollars. Shell is to supply ten LNG-fueled vessels that will be deployed on ZIM’s flagship ZIM Container Service Pacific (ZCP), on the Asia to USEC trade route. These ten 15,000 TEU vessels are expected to enter service in 2023-2024 and will be transporting goods from China and South Korea to US East Coast and the Caribbean.
“With the addition of significant LNG-powered capacity to our fleet, beginning in 2023, we have positioned ZIM as a leader in carbon intensity reduction among global liners. We are pleased to execute this long-term supply agreement with Shell to secure LNG at competitive terms and look forward to partnering with a global industry leader such as Shell as we take an important step to ensure our fuel sourcing is well planned and of the highest quality. Our growing LNG-powered fleet will enable ZIM to be more carbon and cost-efficient, while improving our competitive position, particularly on the strategic Asia to USEC trade route, and allowing customers to reduce their carbon footprint,” said Mr Eli Glickman, ZIM President & CEO.
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