PRESS RELEASE : Hapag-Lloyd orders another six ultra large container vessels of 23,500+ TEU

DGAP-News: Hapag-Lloyd AG / Key word(s): Miscellaneous 
Hapag-Lloyd orders another six ultra large container vessels of 23,500+ TEU 
2021-06-22 / 12:57 
The issuer is solely responsible for the content of this announcement. 
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Hamburg, 22 June 2021 
Hapag-Lloyd orders another six ultra large container vessels of 23,500+ TEU 
- Ships to have dual-fuel engines that can use liquefied natural gas (LNG) 
- Deliveries to begin in 2024 
- Green financing in line with the Green Loan Principles of the Loan Market Association 
Hapag-Lloyd has commissioned the South Korean shipyard Daewoo Shipbuilding & Marine Engineering to build six ships, 
each with a capacity of over 23,500 TEU. The container liner shipping company had already placed an order for six ships 
of the same size at the end of 2020. Thus, the fleet will be expanded by a dozen 23,500+ TEU ships in total. 
The large container ships will be outfitted with a state-of-the-art high-pressure dual-fuel engine that will be 
extremely fuel-efficient. Their engine will operate on LNG, but the vessels will also have sufficient tank capacity to 
operate on conventional fuel as an alternative. Hapag-Lloyd is focusing on liquefied natural gas as a medium-term 
solution, as it reduces CO2 emissions by around 15 to 25 percent and emissions of sulphur dioxide and particulate 
matter by more than 90 percent. Fossil LNG is currently the most promising fuel on the path towards zero emissions. The 
medium-term goal is to have ships that operate in a climate-neutral way using synthetic natural gas (SNG). 
The six additional ships have been financed via a syndicated green loan in the amount of USD 852 million that has a 
maturity of 12 years from the date of delivery. The transaction was concluded in accordance with the Green Loan 
Principles of the Loan Market Association (LMA) while also being verified by an independent expert in the form of a 
secondary party opinion of the DNV. The credit facility is being backed by the Korea Trade Insurance Corporation 
(K-SURE), and the syndicate consists of 10 banks. 
"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," says Rolf Habben Jansen, CEO of Hapag-Lloyd. "At the same time, 
we want to meet the persistently high demand and reduce our slot costs." 
The vessels will be deployed on the Europe-Far East routes as part of THE Alliance and will thereby significantly boost 
Hapag-Lloyd's competitiveness in this trade. 
About Hapag-Lloyd 
With a fleet of 241 modern container ships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd is one of the 
world's leading liner shipping companies. The Company has around 13,300 employees and 395 offices in 131 countries. 
Hapag-Lloyd has a container capacity of approximately 2.8 million TEU - including one of the largest and most modern 
fleets of reefer containers. A total of 121 liner services worldwide ensure fast and reliable connections between more 
than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, 
Latin America and Intra-America trades. 
Disclaimer 
This press release contains forward-looking statements that involve a number of risks and uncertainties. Such 
statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to 
significant risks, uncertainties and contingencies. Actual results can differ materially from those anticipated in the 
Company's forward-looking statements. 
Contact: 
Heiko Hoffmann 
Senior Director Investor Relations 
Hapag-Lloyd AG 
Ballindamm 25 
20095 Hamburg 
Phone [phone] 
Fax [phone] 
Mobile [phone] 
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2021-06-22 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Hapag-Lloyd AG 
              Ballindamm 25 
              20095 Hamburg 
              Germany 
Phone:        [phone] - 2896 
Fax:          [phone] - 72896 
E-mail:       [e-mail] 
Internet:     www.hapag-lloyd.com 
ISIN:         DE000HLAG475 
WKN:          HLAG47 
Listed:       Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1210682 
 
End of News   DGAP News Service 
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1210682 2021-06-22

 
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(END) Dow Jones Newswires

June 22, 2021 06:58 ET (10:58 GMT)