Hapag-Lloyd secures green financing for six container ships

Hapag-Lloyd is breaking new ground in financing, by concluding two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA). Namely, both transactions are associated with the financing of six ultra-large 23,500 TEU container ships, which were ordered in December 2020.

Grounded containership in Suez Canal interrupts traffic flow

According to reports, a containership grounded in the Suez Canal on November 26, when it lost power, interrupting the flow of traffic. Specifically, the containership Al Muraykh lost power and grounded in the southbound traffic lanes. Although 24 vessels that were ahead of the grounded vessel continued their voyage, nine other southbound vessels were caught behind the ship. The northbound convoy was also reportedly suspended.

Fire onboard container ship MOL Charisma off Sri Lanka

The Bahamas-flagged container ship MOL Charisma suffered a fire incident in its No.5 Cargo hold while approximately 250 miles east from Colombo, Sri Lanka. The incident occurred on 1st September 2020, during the ship’s voyage from Port Kelang, Malaysia to Nhava Sheva.

Hapag-Lloyd doubles profit amid COVID-19 pandemic

Despite the negative impacts that the COVID-19 pandemic has brought within the shipping industry, the container major Hapag-Lloyd, informed that its profits for the first half of the year were almost doubled from $165 million to $314 million.

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