WPB: In a significant step toward decarbonizing its operations, Hapag-Lloyd AG has secured long-term green financing for the procurement of 24 technologically advanced container vessels, ordered in October 2024. The investment—valued at approximately USD 4 billion—marks a major milestone in the company’s transition to more sustainable maritime transport.
The financing package is structured across four main components. Approximately USD 900 million will be funded from Hapag-Lloyd’s own capital reserves. Two bilateral mortgage loans from banking institutions will contribute an additional USD 500 million. A further USD 1.8 billion will be secured through three distinct leasing arrangements. The remaining USD 1.1 billion will be sourced via a syndicated loan facility supported by the China Export & Credit Insurance Corporation (Sinosure). In aggregate, external financing accounts for roughly 80% of the total investment, with debt maturities ranging from 10 to 18 years.
The financing adheres to Hapag-Lloyd’s revised Green Financing Framework, which has been externally reviewed and certified by DNV in accordance with the Green Loan Principles issued by the Loan Market Association (LMA). The certification also verifies the high environmental performance of the newbuilds and their alignment with the EU Taxonomy criteria.
According to Mark Frese, Chief Financial and Procurement Officer of Hapag-Lloyd, “This financing demonstrates the growing relevance of sustainable funding mechanisms in maritime transport. It also marks our first green-financed shipbuilding engagement in China under the Sinosure framework, reflecting our broader strategic alignment with international partners.”
The vessels, scheduled for delivery between 2027 and 2029, will be constructed in Chinese shipyards and equipped with high-pressure dual-fuel engines designed for low-emission liquefied gas propulsion. The engines will also be capable of operating on biomethane, which offers the potential for up to 95% reduction in CO₂-equivalent emissions compared to conventional fuels. Moreover, the ships are engineered to be ammonia-ready, positioning them for future compliance with emerging fuel technologies.
This initiative forms part of Hapag-Lloyd’s broader climate commitment, which includes a 30–35% reduction in absolute greenhouse gas emissions by 2030 (relative to 2022 levels) and a target of net-zero emissions fleet-wide by 2045. The program underscores the growing importance of aligning capital investment with sustainability goals in the global shipping industry.
By WPB
Shipping, Bitumen, Vessel, Container
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