Hapag-Lloyd will order six more 23,500-TEU vessels at a cost of $ 852 million

Hapag-Lloyd doubled the order for container ships and asked a South Korean shipyard to build six more mega-vessels.

The capacity of each container ship exceeds the unit (TEU) equivalent to 23,500 20 feet.It’s the same size Six super-large vessels ordered by Hapag-Lloyd at the end of 2020 From Daewoo Shipbuilding Marine.

The order is not surprising. Hapag-Lloyd CEO Rolf Habben Jansen said in a first-quarter earnings announcement for a shipping company. The order book was “unsustainably low” And the company will enter the market for new container ships.

“There is no slack in the world’s fleet,” he said on a phone call in May. “Disposal was a ridiculously low rate …. Looking at 2030 and 2035, Many ships need to be replacedAnd I don’t think it’s completely wrong to go a little further than that curve. ”

Also in May, Hapag-Lloyd Added 60,000 TEU To 150,000 standard and refrigerated boxes It ordered a month ago to combat what is called a “serious imbalance” caused by a shortage of containers around the world.

The new container ship will be “equipped with a state-of-the-art, highly fuel-efficient, high-pressure dual-fuel engine,” a German shipping company said in a statement Tuesday. Their engines run on LNG, but ships also have sufficient tank capacity to run on conventional fuels as an alternative.

“Hapag-Lloyd is focusing on liquefied natural gas as a medium-term solution, which reduces CO2 emissions by about 15-25% and sulfur dioxide and particulate matter emissions by more than 90%. To reduce it. Fossil LNG is currently the most promising fuel on the road to zero emissions. ” “The medium-term goal is to build a vessel that uses synthetic natural gas to operate in a climate-neutral way.”

Hapag-Lloyd said six vessels have raised $ 852 million through a “Syndicated Green Loan.” This means that the transaction was concluded according to: Green loan Loan Market Association Principles for Funding Environmentally Friendly Projects.

“With this investment in additional new vessels, we want to take a new step towards the continuous modernization of our fleet, both in terms of ship size and sustainability. At the same time, we are sustainable. We want to meet high demand and reduce slot costs, “Habben Jansen said in a statement.

Delivery of new vessels to be deployed on the Europe-Far East route as part of the alliance is expected to begin in 2024. Hapag-Lloyd has announced that it is part of a space sharing consortium with Yomei, HMM and ONE. Signed an agreement with Shoei Kisen Kaisha Co., Ltd. in December 15-year charter of 6 new super-large container ships Each has a capacity of over 24,000 TEU.

Delivered by Hapag-Lloyd Of the six super-large container ships ordered in December 2023.

Hapag-Lloyd currently owns 241 container vessels and states that it has a total transport capacity of 1.7 million TEU.

Hapag-Lloyd raises box orders to “address container shortages”

Hapag-Lloyd Invests Over $ 500 Million in Containers

Hapag-Lloyd won more rakes in the first quarter than all in 2020

Click here for the American Shipper / Freight Waves story by senior editor Kim Link-Wills. Hapag-Lloyd will order six more 23,500-TEU vessels at a cost of $ 852 million

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