Over the course of its 75-plus-year history, ZIM Integrated Shipping Services, Ltd. (NYSE: ZIM) has established itself as a leading global container liner shipping company with global operations in over 90 countries serving more than 32,000 customers in approximately 300 ports worldwide. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Core routes include Pacific, Latin America, Atlantic, Cross-Suez and Intra-Asia.
In early 2021, ZIM launched a fleet renewal program to improve its cost structure and support long-term profitable growth. During 2021-2022, through a series of long-term charter agreements, ZIM secured a modern, highly competitive, fleet that is well suited for its commercial strategy. This renewed fleet includes 46 newbuild vessels, including 28 LNG-powered containerships, which will position ZIM as a clear industry leader in carbon intensity reduction efforts. Importantly, once its transformative fleet renewal program is complete in 2025, with approximately 40% of its fleet being LNG-powered, ZIM will offer customers a pathway to more eco-friendly shipping options and reduced carbon emissions.
In a dynamic shipping and logistics environment, ZIM has set itself apart as a carrier with a fresh, unique approach. Supporting its central mission of providing best-in-class customer service, ZIM has implemented innovative, data-driven strategies and introduced creative solutions to the market to drive efficiencies and meet customers’ evolving needs. ZIM is committed to making digitalization a priority without compromising ZIM’s long-standing reputation for a distinct personal approach to customer relations.
Consistent with its organizational culture, which promotes creativity and forward thinking, ZIM has formed partnerships and collaborations with several technology startups to drive innovation in the industry. In particular, ZIM invests in companies developing disruptive technologies in shipping and broader supply chain and logistics related sectors, as well sustainability related technologies, as future growth engines complementary to our core shipping business which we believe have the potential for significant returns.
As the impacts of global climate change become more evident, particularly as it relates to the shipping industry, ZIM’s commitment to ESG as a core value is unwavering. We are proud of our emissions reduction target to endeavor to reach net-zero emissions by 2050, which is above and beyond the IMO goal. While the recent fleet renewal is a critical action towards decarbonization, ZIM continues to monitor all relevant developments for further GHG reductions and plans to embrace new technologies with the same agility that has driven ZIM’s decades-long success.
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