Allows Alibaba.com global customers to book and purchase ZIM ocean freight and logistics services on Alibaba.com
HAIFA, Israel, June 21, 2021 / PRNewswire / – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner, and Alibaba.com, the world’s leading B2B eCommerce platform and a division of the Alibaba Group (NYSE: BABA), announced today that they are extending their cooperation agreement for another two years.
Branded containers with ZIM & Alibaba.com logos marking the cooperation agreement
The agreement that enables Alibaba.com sellers to book and purchase ocean freight on ZIM and logistics services from ZIM Logistics China, a wholly owned subsidiary of ZIM, has now been extended to serve Alibaba.com buyers. This collaboration helps Alibaba.com offer its customers a lower cost transit alternative to air freight, with an easy-to-use interface that is directly available on the Alibaba.com platform. ZIM’s extensive network of routes, particularly the recently launched dedicated eCommerce express lines, provide Alibaba.com customers with reliable, fast and high quality freight services, product support and system optimization. The successful cooperation has existed since 2020 and the significant growth in eCommerce and the demand for freight capacities in the last year have prompted the parties to deepen their cooperation.
Eli Glickman, said the President and CEO of ZIM, “Since we first signed the agreement with Alibaba.com, the partnership has proven to be an extremely successful and mutually beneficial partnership. We continue to position and create ZIM as a leading e-commerce service provider at the same time significant advantages for our customers. ” It is part of our innovative strategic vision and we are very proud to expand and grow this partnership with Alibaba.com to improve the customer experience and continue to benefit from growing e-commerce trends. “
Kuo Zhang, General Manager of Alibaba.com, added, “We are excited to continue working with ZIM to improve our ecosystem, which is designed to provide the best services to global customers quickly. In the next phase of collaboration, we can offer global buyers more options and decisions to manage and optimize their supply chains and thrive in the massive global B2B eCommerce opportunity. “
The story goes on
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM”) is a global, asset-light, containerized liner shipping company with a leadership position in the markets in which it operates. Founded in Israel [1945isoneoftheoldestshippingcompanieswithover75yearsofexperienceandoffersitscustomersinnovativeseatransportandlogisticsserviceswithareputationforindustry-leadingruntimesadherencetodeadlinesandexcellentservice[1945istZIMeinederältestenReedereienmitüber75JahrenErfahrungundbietetihrenKundeninnovativeSeetransport-undLogistikdienstleistungenmiteinemRuffürbranchenführendeLaufzeitenTermintreueundexzellentenService
Alibaba.com, the first business unit of the Alibaba Group, is a leading global B2B e-commerce platform that aims to make doing business easy anywhere. Established in 1999, Alibaba.com provides services related to all aspects of commerce, including providing tools to businesses to help reach a global audience for their products, and helping shoppers discover products, find suppliers and place orders quickly and efficiently online. It serves millions of buyers and suppliers from over 200 countries and regions around the world.
This press release contains certain forward-looking statements (as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) about future events, including forward-looking statements regarding ZIM’s ability to benefit from its relationship with Alibaba.com, and the scope of eCommerce activities in the future. These risks and uncertainties include, but are not limited to, factors disclosed from time to time in ZIM’s periodic reports and filings with the Securities and Exchange Commission (“SEC”), including ZIM’s 2020 Annual Report on Form 20-F filed with the SEC March 22, 2021. ZIM expressly disclaims any obligation to update or revise these forward-looking statements, whether as a result of future events, new information, a change in its views or expectations or for any other reason. ZIM does not make any forecast or statement about the performance of its securities.
ZIM Integrated Shipping Services GmbH
ZIM Integrated Shipping Services GmbH
The IGB Group
Logo of Zim Integrated Shipping Services Ltd (PRNewsfoto / Zim Integrated Shipping Services Ltd)
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SOURCE ZIM Integrated Shipping Services Ltd.