ZIM announced the signing of a ten-year marine LNG sales and purchase agreement, valued at more than one billion US Dollars, with Shell 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.
These ten 15,000 TEU vessels are expected to enter into service during 2023-2024 and will be transporting goods from China and South Korea to US East Coast and the Caribbean.
For ZIM, on the basis that LNG emits around 20% less GHG emissions when compared to conventional marine fuels, using LNG on these ten ships is equivalent to having two out of the ten vessels in the fleet with zero emission.
Eli Glickman, ZIM President & CEO, stated:
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
In addition, Steve Hill, Executive Vice President, Energy Marketing at Shell, noted that “decarbonization of the shipping industry must begin today, and LNG is a lower emission fuel choice currently available in meaningful volumes, and via liquefied biomethane and liquified e-methane, offers a credible pathway to net zero GHG emissions.”
The above-described agreement with Shell may also cover other trades where ZIM LNG vessels could be deployed.
