-
Hapag-Lloyd has made an order for 24 new container ships with a total cost of $4 billion
-
Twelve of the ships will each have a capacity of 16,800 TEU and will be built by Yangzijiang Shipbuilding Group
-
Each of the rest will have a capacity of 9,200 TEU to be manufactured by New Times Shipbuilding
-
Deliveries are expected to take place between 2027 and 2029
-
The ships will feature low emission, liquefied gas-dual propulsion and will be ammonia-ready
Hapag-Lloyd has made an order for 24 new container ships with a total cost of $4 billion from two Chinese shipyards.
Twelve of the ships will each have a capacity of 16,800 TEU and will be built by Yangzijiang Shipbuilding Group, while the rest will have a capacity of 9,200 TEU each and will be manufactured by New Times Shipbuilding Co. Ltd.
Hapag-Lloyd said the new units will be used to expand capacity of services that are already in place, and will replace older units nearing the end of their service this decade.
Deliveries are expected to take place between 2027 and 2029.
A long-term financing of $3 billion has already been committed.
The ships will feature low emission, highly efficient liquefied gas-dual propulsion and will be ammonia-ready.
Rolf Habben Jensen, CEO of Hapag-Lloyd AG, in a statement said: “This investment is one of the largest in the recent history of Hapag-Lloyd, and it represents a significant milestone for our company as it pursues its goals of its Strategy 2030, such as to grow while also modernizing and decarbonizing our fleet.”
Jensen added that operating a fleet of more efficient vessels “will also enhance our competitive position, and thanks to the increase in capacity, we will continue to offer our customers a global, high-quality product.”
The company remains committed to the 1.5 degree target of the Paris Agreement such that by 2030, the absolute greenhouse gas emissions of the Hapag-Lloyd fleet will be cut by one-third compared to 2022. This will be another step to net-zero fleet operation by 2045.
Earlier this year, the company retrofitted five vessels to methanol propulsion, as it prepares for a multi-fuel future.
At present, Hapag-Lloyd has 287 modern container ships with a total transport capacity of 2.2 million TEU, making the company one of the world’s leading liner shipping companies.
READ: PH shippers to benefit from Maersk, Hapag-Lloyd’s Gemini Cooperation
