Around $4 Billion for Ships from China
Hapag-Lloyd is purchasing 24 new container ships from China. The Hamburg-based shipping company has signed contracts with two Chinese shipyards for the orders.
According to Hapag-Lloyd’s announcement on Wednesday, the new vessels will have a total capacity of 312,000 TEU. Some of the ships will be used to expand capacity in existing services, while others will replace older units in Hapag-Lloyd’s fleet.
Dual-Fuel Liquefied Natural Gas Engines
All the new ships will feature low-emission high-pressure dual-fuel liquefied natural gas (LNG) engines, according to the logistics group’s press release. Additionally, Hapag-Lloyd states that the ships will be capable of operating on biomethane. They are also designed to run on ammonia as fuel, described as “Ammonia ready” in the company’s announcement.
One of Hapag-Lloyd’s Largest Investments
The total investment for the 24 container ships amounts to approximately $4 billion, according to the company.
Rolf Habben Jansen, CEO of Hapag-Lloyd AG, commented:
“This investment is one of the largest in the company’s recent history and represents an important milestone for Hapag-Lloyd and our Strategy 2030. It allows us to continue growing while simultaneously modernizing and decarbonizing our fleet.”