Hapag-Lloyd concluded the long-term green financings for the construction of 24 large containerships it ordered in October 2024.
As stated, the newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around USD 4 billion. The 24 ships will be built in China and equipped with low-emission and fuel-efficient high-pressure liquefied gas dual-fuel engines.
In addition, these vessels can be operated using biomethane and will also be ammonia ready. Delivery will take place between 2027 and 2029.
Hapag-Lloyd states that the financing consists of four components. Around USD 900 million of the purchase price will be financed using the company’s own funds. A total of USD 500 million will be made available from two banks in the form of bilateral mortgage loans.
Another part, in the amount of USD 1.8 billion, will be financed via three leasing structures, and USD 1.1 billion will be financed via a syndicated credit facility backed by the China Export & Credit Insurance Corporation (Sinosure). The financing share amounts to a total of around 80% of the investment volume, with maturities ranging between 10 and 18 years.
The financing will be carried out on the basis of Hapag-Lloyd’s Green Financing Framework, which in turn complies with the standards of the Green Loan Principles of the Loan Market Association (LMA).
