Hapag-Lloyd in Panama Canal Ship Order


In a move that is intended to coincide with the on-going Panama Canal expansion, container line Hapag-Lloyd has ordered five 10,500 TEU ships, which are expected to be delivered between October 2016 and May 2017, according to gCaptain.

In a previous article published by PTI, it was reported that a number of US ports are also preparing for the Panama Canal’s expansion, with some spending billions on new infrastructure and channel developments.

Anthony J. Firmin, Chief Operating Officer at Hapag-Lloyd, said: “This order for five vessels underlines Hapag-Lloyd’s leading role in the Latin American trade. Following our successful merger with CSAV, we are one of the market leaders in this attractive trade and offer our customers a variety of excellent connections to and from South America.”

Hapag-Lloyd recently dropped its call at the Port of Portland, which resulted in the port losing around 80% of its business.

The shipping line has completed its merger with container line CSAV, which is expected to bring annual savings of around US$300m.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.