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

 
 DGAP-News: Hapag-Lloyd AG / Key word(s): Miscellaneous 
Hapag-Lloyd AG: Hapag-Lloyd orders six ultra large container vessels of 
23,500+ TEU 
 
2020-12-23 / 08:58 
The issuer is solely responsible for the content of this announcement. 
 
*Hapag-Lloyd orders six ultra large container vessels of 23,500+ TEU * 
 
*- *Order placed at Korean ship yard Daewoo Shipbuilding & Marine 
Engineering 
 
- Vessels will be powered by LNG Dual Fuel 
 
- Delivery starts in April 2023 
 
- 1 billion USD investment 
 
Hapag-Lloyd has signed an order for six ultra large container vessels. The 
Korean ship yard Daewoo Shipbuilding & Marine Engineering will build the 
23,500+ TEU 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. 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. 
 
Rolf Habben Jansen, CEO of Hapag-Lloyd said: "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. Additionally we 
will further reduce our environmental impact." 
 
The investment will be around one billion US Dollar. The respective 
financing has already been secured. 
 
*About Hapag-Lloyd* 
With a fleet of 234 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 13,200 employees and 388 offices in 129 
countries. Hapag-Lloyd has a container capacity of approximately 2.7 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] 
 
2020-12-23 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. 
 
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Archive at www.dgap.de 
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: 1157120 
 
End of News DGAP News Service 
 
1157120 2020-12-23 
 
 

(END) Dow Jones Newswires

December 23, 2020 02:59 ET (07:59 GMT)