ZIM overtakes Yang Ming in global liner rankings

Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan.

ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over Yang Ming to 9th spot in the global carrier rankings.

ZIM has more than doubled its size since 2020, growing by 155% over the past four years, according to Linerlytica, which noted that its operated fleet is expected to be further enhanced by 19 more new ships scheduled before the end of 2024.

On the other side, Taiwan’s major ocean carrier Yang Ming was the 8th largest operator in 2020, but the company has now been overtaken by HMM and ZIM.

Sources: Container News