Hapag-Lloyd Orders Two Ships

Monday, March 22, 2004
Hapag-Lloyd ordered two 8,600 TEU containerships from the South Korean shipyard Hyundai Heavy Industries for delivery in spring and autumn 2007. The newbuildings will have a length of 335m, width of 43m and draught of 14.50m and be able to carry 8,600 standard containers (TEU). They will have a speed of 25 knots. It is planned to deploy the vessels between Europe and the Far East. Hapag-Lloyd released no details on the construction costs. In its forecast published in January 2004, the international market research institute Global Insight expects global container transport to continue to increase in the next few years. "Our fleet expansion programme shows that we intend to take advantage of the market opportunities resulting from the expected growth in world container transport. In view of the current market conditions, we have decided to purchase the ships, as this is less expensive than chartering," commented Michael Behrendt, chairman of the executive board of Hapag-Lloyd AG. Hapag-Lloyd will take delivery of the last newbuilding in a series of four 6,750 TEU containerships in late April 2004. Two vessels of 8,400/8,600 TEU will be added in 2005, and a further 8,600 TEU newbuilding will follow in 2006. The two ships ordered today are due for delivery in 2007. Hapag-Lloyd's fleet currently consists of 47 modern vessels (as of the end of April 2004).
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Container Ships

CMA CGM Strengthens Madagascar Presence

Since the creation of CMA CGM Madagascar in 2003, container shipping company CMA CGM Group has continued to develop on the island to move closer to its valued customers

Shippers Turn to Equity Markets as Sector Eyes Recovery

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1621 sec (6 req/sec)