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    German Shipping Line Orders Six LNG-Fuelled Containerships

Summary

The $1bn order was placed at South Korea's Daewoo Shipbuilding & Marine Engineering yard.

by: Joe Murphy

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Europe, Liquefied Natural Gas (LNG), Corporate, Contracts and tenders, Gas for Transport, News By Country, Germany, South Korea

German Shipping Line Orders Six LNG-Fuelled Containerships

German shipping line Hapag-Lloyd has ordered six ultra-large containerships that run on LNG as well as conventional fuel at a cost of roughly $1bn, the company announced on December 23.

The order was placed at South Korea's Daewoo Shipbuilding & Marine Engineering yard. The ships, each with over 23,500 twenty-foot equivalent unit cargo capacity, will be delivered between April and December 2023. They will operate along the Europe-Far East routes, helping to boost Hapag-Lloyd's competitiveness.

"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," Hapag-Lloyd CEO Rolf Habben Jansen said. "Additionally we will further reduce our environmental impact."

Financing for the ships has already been secured, Hapag-Lloyd said.