Revamped fleet

Our fleet renewal program is the primary pillar of ZIM’s strategic transformation, intended to improve our cost structure and support long-term profitable growth. Our new, highly competitive and fuel-efficient modern fleet includes 46 newbuild containerships (of which 28 are LNG-powered) and is well suited for ZIM’s commercial strategy.

ZIM’s LNG capacity is comprised of 10 x 15,000 TEU vessels, ideally suited for the Asisa to US East Coast trade, and 18 x 8,000 TEU more versatile vessels, suited for various trades in which ZIM operates. In addition, ZIM secured 4 x 12,000 TEU scrubber fitted vessels and 14 smaller, wide-beam 5,500 TEU and 5,300 TEU vessels.

As of mid-May, ZIM received 30 of the 46 newbuild containerships, with the final 16 vessels expected to be delivered by year end 2024. Once ZIM’s fleet renewal program is complete, over 50% of ZIM’s operated capacity is expected to be newbuild and approximately 40% of its operated capacity is expected to be LNG-powered, establishing ZIM among the lowest carbon intensity liners in the world.

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Operational and commercial resilience

As a global-niche carrier we focus on trades where we can develop sustainable competitive advantages. Our commercial strategy coupled with prudent investments in our fleet, equipment and technology, drive increased resilience in ZIM’s business.

ZIM has an established track record of successfully identifying attractive growth opportunities and adjusting its fleet size and deployment based on evolving market conditions and customer needs. Importantly, we leverage digital tools that enable us to manage vessel and cargo mix to prioritize higher yields and enhance efficiency, cost savings and profitability.

We are currently the only liner to service the Asia to US East Coast trade with LNG-powered vessels, operating these vessels on two distinct services. By offering shippers a pathway to significantly reduced carbon emissions, ZIM maintains a differentiated offering that enhances our competitive positioning and supports our growth targets.

Growth engines

We selectively invest in companies developing disruptive technologies to serve as growth engines. We target technologies related to our core shipping business and broader logistics and supply chain ecosystem to enhance our customer offering, as well sustainability related technologies.

This approach is consistent with our organizational culture, which promotes and nurtures innovation and creativity. Our investment portfolio includes, among others, SHIP4WD, a one-stop-shop digital freight forwarding platform; 40Seas, a fintech platform leveraging AI and data-driven technology, to provide digital B2B payment functionality and facilitate cross-border trade between SMEs; Hoopo, which develops state-of-the-art tracking solutions, helping businesses track and manage their logistics operations more efficiently and cost-effectively by providing real-time data and analytics for unpowered assets; and WAVE BL, a blockchain-based digital tool that enables instant, encrypted, and authenticated transfer of electronic Bills of Lading.

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ESG and sustainability as core value

We are committed to mitigating the environmental impact of our activities on the planet and to promoting responsible corporate practices to create long-term, sustainable value for all our stakeholders.

ZIM works every day to ensure our business is resilient to climate change and aligned with the shipping industry’s net zero GHG emission agenda. In 2023, partly owing to the deployment of our new LNG vessels, ZIM achieved a 23% decrease in carbon intensity in our operations and we are on target to reach our target of reducing carbon intensity by 30% by 2025, versus our 2021 baseline. We remain committed to reducing our GHG emissions to net zero by 2050, a more ambitious target than the one set by the IMO.

We recognize that the implementation of ESG-focused strategies is an ongoing process and at the same time prioritize responsible governance principles, as well as creating a positive work environment for all our employees. Our most recent ESG report details our efforts and objectives.

Financial strength

Our strong cash position enables capital allocation decisions aligned with a sustainable, long-term view, namely, investing in our fleet, our equipment as well as our growth engines; while we continuously pursue cost control optimization and cost avoidance initiatives to generate measurable and sustainable savings in the near term.

The return of capital to shareholders has been and remains a top priority for ZIM. Since our IPO, ZIM has demonstrated its commitment to returning substantial capital to shareholders. Our dividend policy provides for a quarterly dividend equal to 30% of quarterly net income, with the full year dividend payout totaling up to 50% of annual net income. All future dividends subject to the discretion of Company's Board of Directors and to the restrictions provided by Israeli law.

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