Hapag-Lloyd Signs Agreement with Germanischer Lloyd

Monday, November 20, 2006
Hapag-Lloyd and Germanischer Lloyd have signed a framework agreement which covers the classification of and statutory attendance to the units sailing under GL class. This move places the partnership between GL and Hapag-Lloyd on a new and innovative footing. The agreement will automatically include all Hapag-Lloyd newbuildings classed by Germanischer Lloyd, resulting in a considerable reduction in administrative procedures. Over 40 pecent of the worldwide container ship fleet is sailing under Germanischer Lloyd class. Every second container ship is built to GL class. Besides orders for container carriers with a total tonnage of 1.7m GT, Germanischer Lloyd's order book for October 2006 also listed orders for tankers, bulk carriers and passenger ship newbuildings. At present, Germanischer Lloyd is attending to over 6,200 ships with more than 63 million GT.
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