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Hapag-Lloyd invests US$1bn in six LNG mega vessels

Hapag-Lloyd invests US$1bn in six LNG mega vessels
Delivery starts in April 2023

Hapag-Lloyd has signed a US$1bn order for six ultra large container vessels, with a capacity of 23,500+ teu, which will be powered by LNG dual fuel.

The Korean shipyard Daewoo Shipbuilding & Marine Engineering will build the ships and deliver them to the carrier between April and December 2023.

The vessels will be deployed on the Europe – Far East routes as part of THE Alliance in an effort to “significantly increase” the German company’s competitiveness in this trade.

As part of Hapag-Lloyd’s sustainability strategy, the vessels will be fitted with a high pressure dual fuel engine, promising “extreme” fuel efficiency.

The engine will operate on LNG but alternatively has 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 modernising our fleet.

“Additionally we will further reduce our environmental impact.”