Eli Glickman, president and CEO of Israeli carrier Zim, believes with pressure coming from customers to decarbonise supply chains, those in the US will pay a premium for low-carbon fuels.
The line expects to see the first deliveries of 28 LNG-powered vessels, ten with a capacity of 15,000 TEU and 18 of 7,700 TEU in the spring, with arrivals completed next year
An insider commented “We expect shippers such as Ikea, Home Depot and Target will see Zim as the first-choice carrier and will pay a premium to use services with LNG ships.”An expected spectacular fall in EBITDA this year to around $2.2bn – from $7.54bn in 2022 – is evidence of the more challenging market and Zim sees its strategy of diversification, cost-cutting through more efficient vessels and technology and port rotations that differ from its larger competitors, offering a competitive edge.