ZIM and Alibaba.com Announce the Extension of Their Commercial Cooperation Agreement Until 2023

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, and Alibaba.com, the world’s leading B2B eCommerce platform and a business unit of Alibaba Group (NYSE: BABA), announced yesterday that they will extend their cooperation agreement for two more years.

The agreement which enabled Alibaba.com sellers to book and purchase sea freight on ZIM and logistic services from ZIM Logistics China, a wholly-owned subsidiary of ZIM, has now been expanded to include serving Alibaba.com buyers as well. This collaboration helps Alibaba.com offer its customers a more affordable transit alternative relative to air freight with an easy-to-use interface available directly on the Alibaba.com platform. ZIM’s extensive network of lines, particularly the recently introduced dedicated eCommerce express lines, provide Alibaba.com customers reliable, fast, high quality freight services, as well as product support and system optimization. The successful cooperation has been in place since 2020 and the significant growth of eCommerce and demand for freight capacity in the last year have led the parties to deepen their collaboration.

Branded containers with ZIM & Alibaba.com logos, marking the cooperation agreement

Eli Glickman, ZIM President & CEO noted: “Since we launched the initial agreement with Alibaba.com, it has proven to be a highly successful and mutually beneficial partnership. We continue to position ZIM as a leading eCommerce service provider, while creating significant advantages for customers. It is part of our innovative strategic vision, and we are very proud to extend and expand this partnership with Alibaba.com to enhance the customer experience and further capitalize on growing eCommerce trends.”

Kuo Zhang, General Manager of Alibaba.com added: “We are happy to continue our collaboration with ZIM to enhance our ecosystem designed to bring the best services to global customers quickly. In the next phase of the collaboration, we can offer global buyers more options and choices to manage and optimize their supply chains, and to thrive and succeed in the massive global B2B eCommerce opportunity.”
Source: ZIM