ZIM secures 10-year LNG bunkering deal with Shell

The deal is valued more than $1 billion, and oil supermajor Shell will supply LNG stems to 10 LNG powered 15,000 TEU container ships operated by Israel based shipping firm ZIM Integrated Shipping Services.

PHOTO: ZIM's container ship in Shenzhen port in China. ZIM

The LNG powered vessels are set to be inducted between 2023 and 2024 and will be used transport cargo from China and South Korea to US East Coast and the Caribbean, ZIM says.

ZIM claims these vessels will emit 20% less greenhouse gas emissions compared to conventional vessels.

“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, and allowing customers to reduce their carbon footprint,” ZIM's chief executive and president Eli Glickman said.

By Tuhin Roy

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