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Hapag-Lloyd secures green financing for six LNG-powered newbuilds

Posted On: 12-02-2021

German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Green Loan Principles of the Loan Market Association (LMA). The syndicated green loan worth $417 million has a 12-year maturity and will be used to finance three of the six container ships on order. “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.


(Credits: www.offshore-energy.biz)



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