ZIM STEPS INTO THE NEW ERA OF WORLD SHIPPING:

ZIM Receives First Mega Vessel, strengthening the strategic partnership with the Grand Alliance

7/13/2009

Idan Ofer, Chairman of ZIM, said: “The world economy is changing, in particular the shipping market, and when the economic crisis is over we must be ready with the appropriate fleet to meet the world demand."

ZIM’s CEO, Rafi Danieli, said: “The new mega vessels are a major step forward for the company’s fleet. They are significantly larger than the other ships we own and, as they can carry more containers, they are considerably more efficient. The delivery of the new vessels will lay the foundation to positioning ZIM as a leading company in the years to come."

July 13, 2009: ZIM Integrated Shipping Services received the first consignment of its 12 mega vessel order with the arrival of ZIM LOS ANGELES.

The 8,400 TEU ZIM LOS ANGELES is the first mega vessel owned by the company and will be followed by the delivery in two weeks time of ZIM DJIBOUTI. The 10,000 TEU containership will subsequently become ZIM’s largest vessel, twice the size of ZIM’s current flag ship.

Both vessels will serve in partnership with the Grand Alliance serving the Pacific Northwest Service (PNX) loop from East Asia to West Coast US and Canada, providing an efficient and cost effective service for ZIM’s customers.

Rafi Danieli added: “We have a strong partnership with the Grand Alliance. The introduction of the two new vessels will be the eighth cooperation agreement we have with the Alliance. This partnership with the Grand Alliance was enabled based on the company’s new building plan, and is an important strategic milestone in the company’s stabilization and recovery plan.”

The mega vessels, built by Hyundai SAMHO Shipyards in South Korea, will enable ZIM to continue to offer weekly services on the route, whilst expanding the coverage by calling at additional ports through Asia and North America.

Vessels particulars:

ZIM LOS ANGELES
- Vessel size: 8,440 TEU
- Vessel deadweight: 108,574 tons
- Quantity of steel used: 33,000 tons
- Total refrigerated container capacity: 700 FEU (500 on deck and 200 in holds)
- Speed of vessel: 25.6 knots

ZIM DJIBOUTI
- Vessel size: 10,062 TEU
- Vessel deadweight: 116,440 tons
- Quantity of steel used: 37,900 tons
- Total refrigerated container capacity: 800 FEU (600 on deck and 200 in holds)
- Speed of vessel: 25.8 knots

ZIM Integrated Shipping Services press release