HAIFA, Israel and LONDON, July 6,
2021 /PRNewswire/ -- ZIM Integrated Shipping Services
Ltd. ("ZIM") (NYSE: ZIM), and Seaspan Corporation, a wholly-owned
subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), announced today a
new strategic agreement for the long-term charter, with monetary
value in excess of $1.5 billion, of
ten 7,000 TEU liquefied natural gas (LNG) dual-fuel container
vessels, to serve across ZIM's various global-niche trades. In
addition, in February 2021, ZIM and
Seaspan announced a long-term charter agreement for ten 15,000 TEU
LNG-fueled vessels.
Eli Glickman, ZIM President
& CEO, stated: "We are very pleased to once again partner
with Seaspan as we strategically enhance our operating fleet to
further facilitate our long-term strategy. With this second
long-term chartering agreement, we are securing access to our core
fleet, while maintaining operational agility with respect to the
total number of vessels we operate. Since going public, and further
evidenced by this transaction, we remain committed to deploying
capital prudently and enhancing shareholder value."
Mr. Glickman continued, "Keeping with our commitment to reducing
our carbon footprint and preserving our oceans, we are investing in
state-of-the-art 'green' vessels that use the cleanest technology
currently available. We are proud that this transaction will
further improve our carbon intensity standing among the global
liners."
Bing Chen, Chairman, President and CEO of Seaspan, added:
"We are very proud to further ZIM's leading environmental
initiatives with advanced designs, competitive pricing, and
valuable deliveries. Together, our teams developed a creative and
competitive solution by leveraging Seaspan's decades of
environmental expertise, newbuild experience, integrated platform,
and trusted partnerships with shipyards. Our growing partnership
and the twenty LNG-fueled newbuilds to date signify both ZIM's and
Seaspan's commitment to carbon reduction and sustainable growth for
our industry."
Clarksons Platou acted as financial and professional advisor to
ZIM in connection with this transaction.
About ZIM
ZIM is a global, asset-light container liner shipping company
with leadership positions in the markets where it operates. Founded
in Israel in 1945, ZIM is one of
the oldest shipping liners, with over 76 years of experience,
providing customers with innovative seaborne transportation and
logistics services with a reputation for industry leading transit
times, schedule reliability and service excellence.
About Atlas
Atlas is a leading global asset management company,
differentiated by its position as a best-in-class owner and
operator with a focus on deploying capital to create sustainable
shareholder value. Atlas brings together an experienced asset
management team with deep operational and capital allocation
experience. Atlas targets long-term, risk adjusted returns across
high-quality infrastructure assets in the maritime sector, energy
sector and other infrastructure verticals. Atlas's two portfolio
companies, Seaspan Corporation and APR Energy are unique,
industry-leading operating platforms in the global maritime and
energy spaces, respectively. For more information visit
atlascorporation.com.
About Seaspan
Seaspan is a leading independent owner and operator of
containerships with industry leading ship management services.
Seaspan charters its vessels primarily pursuant to long-term,
fixed-rate, time charters to the world's largest container shipping
liners. As of March 31, 2021,
Seaspan's fleet consists of 127 containerships, representing total
capacity of approximately 1,073,000 TEU. As of today, July 6, 2021, Seaspan's operating fleet consists
of 131 vessels and 1,120,200 TEU. Seaspan also has 55 vessels under
construction, increasing total capacity to 1,854,200 TEU, on a
fully delivered basis. For more information visit
seaspancorp.com.
Forward Looking Statements
This release contains certain forward-looking statements (as
such term is defined in Section 21E of the Securities Exchange Act
of 1934, as amended) concerning future events, including
forward-looking statements regarding ZIM's ability to meet growing
market demand and to provide reliable service to customers, as well
as assessment as to the growth trend of the market. These risks and
uncertainties include, but are not limited to: the possibility that
ZIM will not be able to meet demand from customers, the risk that
the growth trend of the market will not continue or be slower than
expected; and other factors detailed from time to time in ZIM's and
Atlas's periodic reports and filings with the Securities and
Exchange Commission ("SEC"), including ZIM's annual report on Form
20-F filed with the SEC on March 22,
2021, and Atlas' Annual Report on Form 20-F for the year
ended December 31, 2020 filed with
the SEC on March 19, 2021. Each of
ZIM and Atlas expressly disclaim any obligation to update or revise
any of these forward-looking statements, whether because of future
events, new information, a change in their views or expectations,
or otherwise. Neither ZIM nor Atlas makes any prediction or
statement about the performance of any of their respective
securities.
ZIM Contacts
Media:
Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
shats.avner@zim.com
Investor Relations:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com
Seaspan and Atlas Corp. Investor
Inquiries
Robert Weiner
Investor Relations
Seaspan and Atlas Corp.
Tel. +1-904-345-4939
Email: IR@atlascorporation.com
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SOURCE Zim Integrated Shipping Services Ltd.; Seaspan
Corporation