Zim downsizing its container ship fleet as demand disappoints
Israel-based ocean carrier Zim is cutting its exposure to the freight market by offloading multiple leased vessels. News of its divestment strategy was first reported in late June and fresh details are now emerging.There have been reports this week of seven early charter terminations by Zim as well as two sublets. Two of the early charter terminations were confirmed by the vessels’ owner.Euroseas said that charters of its 4,250 twenty-foot equivalent unit Rena P and 4,250-TEU Emmanuel P were terminated by mutual consent, with the vessels rechartered to another ocean carrier starting in August.Ship brokerages Banchero Costa and Braemar said the vessels are being redelivered by Zim and taken on new charters by Hong-Kong based OOCL.In addition, Zim had the 4,258-TEU Volans on charter from Costamare through April 2024 at $24,250 per day. According to Braemar, this vessel has just been leased to Germany’s Hapag-Lloyd at $21,750 per day for
