September 26

Hapag-Lloyd to order LNG-powered containerships in China

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Sources said on Wednesday that the LoI between Hapag-Lloyd and Yangzijiang Shipbuilding includes 20 LNG dual-fuel containerships.

Under the deal, Yangzijiang will build 8 vessels with a capacity of 9,000 teu and 12 vessels with a capacity of 17,000 teu, the sources said.

According to the sources, the vessels will feature ME-GI propulsion and type C LNG tanks.

The larger 17,000-teu containerships are said to be worth less than $200 million per vessel.

Yangzijiang said in its H1 report that it secured orders for 18 LNG dual-fuel containerships, including 8 9,000-teu vessels and 10 17,000-teu vessels.

The shipbuilder had 52 LNG dual-fuel containerships in its order book as of the end of June this year.

LNG Prime reported in August that Hapag-Lloyd was looking to order more LNG dual-fuel containerships in South Korea and China.

The shipping firm took delivery of its seventh of 12 ultra-large LNG-fueled containerships last month from South Korea’s Hanwha Ocean.

These giant vessels are about 400 meters long and 61 meters wide.

Hapag-Lloyd first ordered six LNG dual-fuel containerships from Hanwha Ocean in 2020, and it added six more sister vessels in 2021. The orders are worth about $2 billion.

Hapag-Lloyd expects to take delivery of the remaining vessels in 2024 and 2025.

In addition to newbuild vessels, Hapag-Lloyd operates the converted containership Brussels Express, the world’s first ultra-large containership LNG retrofit.

In April, this vessel completed what Hapag-Lloyd claims is the largest ship-to-ship bio-LNG bunkering operation in the Dutch port of Rotterdam.

Hapag-Lloyd is also working on a synthetic methane project to further reduce emissions from its fleet of LNG-powered containerships.

The company’s LNG bunker consumption totaled 22,769 tonnes in 2023. This compares to 4,582 tonnes in 2022.

Source: Lngprime.com

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