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Hapag-Lloyd, the German container shipping firm, has signed bank facilities totalling $889m, its first foray into green financing.

Germany's Hapag-Lloyd Secures Green Funds for LNG Containerships Feb 9, 2021 7:05:am Summary by: Joe Murphy Posted in: Germany's Hapag-Lloyd Secures Green Funds for LNG Containerships German shipping line Hapag-Lloyd has secured $890mn in green financing for the construction of six LNG-fuelled containerships, it reported on February 8. Hapag-Lloyd placed a $1bn order for the six dual-fuel vessels at South Korea's Daewoo Shipbuilding & Marine Engineering yard in December. It has now secured a $417mn syndicated loan from 11 banks with a 12-year maturity to cover the cost of three of the ships...

German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million to bankroll construction of 6 ULCVs.

Soaring container freight rates and a shortage of boxes have been well documented, containership charter rates have also been enjoying their day in the sun, if not quite at the record levels seen for freight rates. A surge in charter rates has been witnessed across all sizes of containerships has led the Howe Robinson Containership Charter Index to stand at 1,293 points last week, its highest level in over 12 years since 2008. John D’Ancona, head of containership research for Howe Robinson Partners, told the Tradewinds Shipowners Forum at SMM Digital, “Certainly these 12 years have been i...