Hapag-Lloyd has announced it will use green financings for the 24 large containerships it ordered in October 2024.
The newbuildings will have a combined capacity of 312,000 TEUs and involve a combined investment volume of around $4 billion.
The financing consists of four components. Around $900 million of the purchase price will be financed using the company’s own funds. A total of $500 million will be made available from two banks in the form of bilateral mortgage loans.
Another part, in the amount of $1.8 billion, will be financed via three leasing structures, and $1.1 billion will be financed via a syndicated credit facility backed by the China Export & Credit Insurance Corporation (Sinosure).
The 24 ships will be built in China and equipped with low-emission and fuel-efficient high-pressure liquefied gas dual-fuel engines. In addition, these vessels can be operated using biomethane, which can reduce CO2e emissions by up to 95 per cent compared to conventional propulsion systems. The new ships will also be ammonia-ready.
Delivery will take place between 2027 and 2029.
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“We are continuously modernising our fleet in order to deliver a high quality of service and to achieve our ambitious decarbonization goals,” said Mark Frese, CFO/CPO of Hapag-Lloyd AG.
“The successful conclusion of several attractive financial transactions confirms that green financing components are becoming increasingly important. In addition, we are pleased to be able to finance newbuild projects in China for the first time with the Sinosure transaction.”