HAMBURG: Hapag-Lloyd has ordered six more 23,500+ TEU containerships from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering for delivery beginning 2024.
Like a previous order placed at the end of 2020, the six additional ships have been financed via a syndicated green loan of US$852 million over 12 years backed by the Korea Trade Insurance Corporation.
The vessels will also use a high-pressure dual-fuel engine that will operate primarily on fossil LNG. Hapag-Lloyd says it is focusing on LNG as a medium-term solution as it reduces CO2 emissions by 15 to 25 percent and emissions of sulphur dioxide and particulate matter by over 90 percent.
“With this investment in the additional newbuildings, we want to take another step in the ongoing modernisation of our fleet – in terms of both ship size and sustainability,” commented CEO Rolf Habben Jansen. “At the same time, we want to meet the persistently high demand and reduce our slot costs.”
The new deal is based on Green Loan Principles of the Loan Market Association certified by DNV. The market aims to facilitate and support environmentally sustainable economic activity based on finance documents that provide clear environmental benefits which will be assessed, and where feasible, quantified, measured and reported by the borrower.
Green project categories include renewable energy, energy efficiency and storage; pollution prevention and control; biodiversity management; sustainable animal husbandry and fisheries; forestry; clean transportation; sustainable water and wastewater management; climate change adaptation; eco-efficient and/or circular economy products, production technologies and processes; and green buildings.
Story Type: News