Germany's Hapag-Lloyd Secures Green Funds for LNG Containerships
Feb 9, 2021 7:05:am
Summary
by: Joe Murphy
Posted in:
Germany's Hapag-Lloyd Secures Green Funds for LNG Containerships
German shipping line Hapag-Lloyd has secured $890mn in green financing for the construction of six LNG-fuelled containerships, it reported on February 8.
Hapag-Lloyd placed a $1bn order for the six dual-fuel vessels at South Korea's Daewoo Shipbuilding & Marine Engineering yard in December. It has now secured a $417mn syndicated loan from 11 banks with a 12-year maturity to cover the cost of three of the ships. The facility is backed by Korea Trade Insurance Corp, while KfW IPEX-Bank and BNP Paribas oversaw its structuring.