Hapag-Lloyd Orders 24 New Container Ships

EQS-News: Hapag-Lloyd AG / Key word(s): Miscellaneous
Hapag-Lloyd orders 24 new container ships
06.11.2024 / 15:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

Hapag-Lloyd orders 24 new container ships

• Ships will feature liquefied gas dual-fuel propulsion and be ammonia-ready
• Deliveries between 2027 and 2029
• investment volume of roughly USD 4 billion
• Rolf Habben Jansen:“We will continue to modernize and decarbonize our fleet.”

Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container ships. Of these, 12 newbuildings – each with a capacity of 16,800 TEU – will be built by Yangzijiang Shipbuilding Group. These units will be used to expand the capacity of services that are already in place. An additional 12 ships, each with a capacity of 9,200 TEU, have been ordered from New Times Shipbuilding Company Ltd. and will replace older units in the Hapag-Lloyd fleet that will be nearing the end of their service life in this decade.

All of the newbuildings will be equipped with state-of-the-art low emission high pressure liquefied gas dual-fuel engines that are extremely fuel-efficient. In addition, these vessels can be operated using biomethane, which can reduce CO2e emissions by up to 95% compared to conventional propulsion systems. The new ships will also be ammonia-ready. Hapag-Lloyd will take delivery of the new vessels between 2027 and 2029. The newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around USD four billion. A long-term financing of USD three billion has already been committed.

“This investment is one of the largest in the recent history of Hapag-Lloyd, and it represents a significant milestone for our company as it pursues the goals of its Strategy 2030, such as to grow while also modernizing and decarbonizing our fleet. Operating a fleet of more efficient vessels will also enhance our competitive position, and thanks to the increase in capacity, we will continue to offer our customers a global, high-quality product,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

Hapag-Lloyd is fully committed to the 1.5-degree target of the Paris Agreement. By 2030, the absolute greenhouse gas emissions of the company's fleet operations are to be reduced by around one third compared to 2022 – in what will be another step toward net-zero fleet operation by 2045. This ambitious goal will be achieved by investing in modern, efficient newbuildings, slow steaming, fleet modernization and the use of new propulsion technologies and alternative fuels, which will allow customers to benefit from multiple green transport options at the same time. Considering the recent investment decision announced on April 16 of this year to retrofit five vessels to methanol propulsion, this investment is another step in Hapag-Lloyd's efforts to
prepare itself for a multifuel future and to drive the decarbonization of the liner shipping industry.

Hapag-Lloyd controls 287 modern container ships with a total transport capacity of 2.2 million TEU. This makes the company one of the world's leading liner shipping companies. In addition, it operates the largest fleet sailing under the German flag.

About Hapag-Lloyd
With a fleet of 287 modern container ships and a total transport capacity of 2.2 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. In the Liner Shipping segment , the Company has around 13,700 employees and 400 offices in 140 countries. Hapag-Lloyd has a container capacity of 3.2 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 114 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment , Hapag-Lloyd has equity stakes in 20 terminals in Europe, Latin America, the United States, India and North Africa. Around 2,900 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities.

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.

Press contacts
...
+49 40 3001 - 2263
...
+49 40 3001 - 2291

Contact for investors
...
+49 40 3001-3705

06.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at