Hapag-Lloyd has finalised a contract for six ultra-large container vessels with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
Equipped with dual fuel LNG engines, each vessel will have a carrying capacity of more than 23,500 TEU.
As per the terms of the contract, DSME is required to deliver the six vessels between April and December 2023.
The contract is valued at around $1bn, for which company has already secured financing.
The German shipping company said that the vessels will be deployed on the Europe – Far East routes as part of THE Alliance.
Hapag-Lloyd CEO Rolf Habben Jansen said: “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.”
For fuel efficiency, the vessels will feature High Pressure dual fuel engine.
Alternatively, the ships will also possess enough tank capacity to run on conventional fuel.
In August, Hapag-Lloyd and Intelligent Cargo Systems announced the establishment of a technology partnership.
With a total transport capacity of 1.7 million TEU, Hapag-Lloyd has a fleet of nearly 234 container ships.
Hapag-Lloyd offers around 121 liner services with operations in the Transatlantic, Middle East, Latin America and Intra-America regions.