Has Zim been too reckless in sealing $2.3bn charters for Economou and Ofer newbuilds?

Fearnley Securities analysts believe Zim may have taken too big a risk in sealing boxship charters worth $2.3bn.

The New York-listed Israeli container line said on Monday that it has agreed to take 10 11,500-teu LNG dual-fuel newbuildings from George Economou’s TMS Group and Idan Ofer’s Kenon Holdings over a long-term period from delivery in China in 2027 and 2028.