German shipping firm Hapag Lloyd on Wednesday (23 December) signed an order for six ultra large 23,500+ TEU liquified natural gas (LNG) dual fuel container vessels.
The investment will be around USD 1 billion and the respective financing for the transaction has already been secured, it said.
Korean ship yard Daewoo Shipbuilding & Marine Engineering will build the six vessels and deliver them to Hapag-Lloyd between April and December 2023.
The vessels will be deployed on the Europe – Far East routes as part of THE Alliance and will significantly increase Hapag-Lloyd´s competitiveness in this trade, said the company.
As part of Hapag-Lloyd sustainability strategy the vessels will be fitted with a state-of-the-art High Pressure dual fuel engine, which will be extremely fuel efficient. The engine will operate on LNG, but has alternatively sufficient tank capacity to operate on conventional fuel.
“With the investment in six ultra large container vessels we will not only be able to reduce slot costs and improve our competitiveness on the Europe – Far East trade, but also take a significant step forward in modernizing our fleet,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
Photo credit: Hapag-Lloyd
Published: 28 December, 2020
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