Zim to buy 2 cargo ships for $266.4m

The company and has option on a third container ship

The board of Zim Integrated Shipping Services Ltd. has approved the purchase of two container ships for $266.4 million and has option on a third. The ships will be delivered in early 2010.

Last June, the company announced plans to buy eight new container ships for $1 billion from South Korea’s Hyundai Shipyards. This purchase will increase Zim’s fleet by 30%.

Published by Globes [online], Israel business news - www.globes.co.il - on February 28, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

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