Freight News, Sea

ZIM American to Expand Headquarters in Virginia

[ July 24, 2023   //   ]

ZIM American Integrated Shipping Services, a subsidiary of the Israeli international shipping company, has announced that it will be investing about $30 million to relocate and expand its US headquarters in the Hampton Roads region of Virginia Beach, VA.
That region is home to the Port of Virginia.
According to the Virginia Economic Development Partnership (VEDP), Virginia was able to beat out several other competitive US states for the investment.
The move will result in several hundred new jobs over the next five years, according to a statement from the Office of Virginia Governor Youngkin.
The project was secured thanks to efforts by VEDP, the City of Virginia Beach, the Hampton Roads Alliance and the General Assembly’s Major Employment and Investment (MEI) Project Approval Commission. A $1.4973 million grant was also approved from the Commonwealth’s Opportunity Fund to assist Virginia Beach with the project.
Following the expansion, ZIM American will be eligible for benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program. Meanwhile, financing to support employee training activities will be provided by the Virginia Jobs Investment Program.
ZIM president Eli Glickman said that the new office will provide the company with a “first-rate work environment for our valued employees as they continue to deliver our signature personal, top-quality service to customers.” Glickman also described the expansion as vital to the company’s “commitment to the North American market.”
“Virginia is a leader in supply chain management thanks to our infrastructure, robust transportation network, and world-class Port of Virginia, and ZIM is a vital shipping partner that advances our position in this important industry,” said Governor Youngkin.