Hapag-Lloyd Orders Four 13,200-TEU Ships

Monday, December 13, 2010

Following a record result in the first nine months of 2010 and its successful refinancing on the capital market, Hapag-Lloyd is again investing in future growth. Hapag-Lloyd ordered four large vessels with a capacity for 13,200 standard containers (TEU) each from the Korean shipbuilding company Hyundai Heavy Industries today. It was also agreed that the six new vessels ordered in the beginning of 2008 should be upgraded to the same capacity. These ten large vessels are scheduled for delivery between mid-2012 and the end of 2013 and comply with all current environmental requirements. The vessels are intended for service on the Far East routes operated jointly with the partners in the Grand Alliance. Hapag-Lloyd has also bought back its company headquarters in Hamburg’s Ballindamm, a building steeped in tradition.

“This is a clear sign that Hapag-Lloyd has returned to its previous position of strength and will take advantage of its opportunities to grow profitably”, said Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd AG. “The step up to the next vessel size is as well-considered as it is important for Hapag-Lloyd. The repurchase of our Ballin-House, which we are especially pleased about, is also of great symbolic value.”

In addition to these investments, Hapag-Lloyd has been able to pay financial liabilities amounting to some EUR 600 million back to its shareholders. This also includes hybrid capital amounting to EUR 332 million (“Hybrid III”).

Hapag-Lloyd has engaged Deutsche Bank as its advisor for the envisaged Initial Public Offering (IPO) or the sale of shares.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Marad Celebrates Deployment of Maritime Fuel Cell Project

The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell

DP World Profit Up 22%

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015,

MN 100: ContainerTug B.V.

The Company: ContainerTug B.V. is a specialized Dutch naval design engineering and construction company with a strong focus on developing workboats and the evaluation

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.2938 sec (3 req/sec)