German liner shipping company Hapag-Lloyd has placed an order for six Ultra Large Container Vessels at South Korea’s Daewoo Shipbuilding & Marine Engineering.
The vessels will have capacity of more than 23,500 TEU with dual fuel engines that can operate on LNG fuel.
“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 modernizing our fleet. Additionally we will further reduce our environmental impact,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
The company says the vessel will cost around $1 billion and financing has already been secured.
The vessels will be deployed on the Europe – Far East routes as part of THE Alliance. Deliveries are scheduled to start in April 2023 and conclude by the end of the year.