File Photo: Hapag-Lloyd
Hapag-Lloyd says it has concluded its first ever green financing deals for six ultra-large containerships currently on order.
The two transactions include a syndicated green loan of $417 with a 12-year maturity million to finance three of the six 23,500 TEU-capacity containerships the company ordered in December 2020. A second loan for the lease financing for the remaining three newbuildings amounts to $472 million with a maturity of 17 years plus construction-phase financing.
Both were made according to the Green Loan Principles of the Loan Market Association (LMA) and independently verified by DNV GL.
“Our first green financings are a major milestone for us, as we are breaking new ground in the container shipping segment by financing newbuilding projects geared towards sustainability. The transactions will help us to modernise our fleet while further reducing our CO2 footprint at the same time,” said Mark Frese, Chief Financial Officer of Hapag-Lloyd.
The six newbuilds will be equipped with fuel-efficient, high-pressure dual-fuel engines helping to reduce CO2 emissions by approximately 15 to 25 percent, according to Hapag-Lloyd. The company said not only will the ships meet the requirements of the LMA’s Green Loan Principles, but they will also satisfy the EU Taxonomy’s technical screening criteria for sea and coastal freight water transport.
The six newbuilds were ordered from South Korea’s Daewoo Shipbuilding & Marine Engineering in December and are scheduled for delivery in 2023.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,835 members that receive our newsletter.
Have a news tip? Let us know.
By David Lawder, Andrea Shalal WASHINGTON, Dec 13 (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not...
KYIV, Dec 15 (Reuters) – Ukrainian President Volodymyr Zelenskiy said on Saturday he had instructed his government to set up supply mechanisms to deliver together with international organizations and partners food to...
Russia launched the country's first ammonia sea terminal at the port of Ust-Luga on Friday, aiming to increase export capacity amid Western sanctions.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,835 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
