Zim to Spend $1.36b on Container Ships

Zim Integrated Shipping Services Ltd. announced last week it would buy up to eight new mega container ships for $170m each, for a total of $1.36b. The company said that it would take an option to buy one more ship and should the option materialize the total order value could reach $1.53b. According to Zim, the eight ships will each have a container capacity of TEU 12,600.

The new ships will be delivered in 2012. Last June, Zim Integrated Shipping Services Ltd. bought two container ships of 2,450 TEU each, and will have an option to buy two more, which will be due for delivery in 2010-11. Source: Port2Port