Hapag-Lloyd secures milestone green financing via Loan Market Association


To remind, Hapag-Lloyd broke a new ground in financing, by concluding two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA).

Namely, both transactions were associated with the financing of six ultra-large 23,500 TEU container ships, ordered back in December 2020, while are scheduled to be delivered in 2023.

In light of the above, DNV has verified that the transactions fulfil the requirements of the programme, while provided a second party opinion to confirm compliance with the requirements as an independent expert.

“Our first green financings are a major milestone for us, as we are breaking new ground in the container shipping segment by financing newbuilding projects geared towards sustainability”.

…said Mark Frese, Chief Financial Officer of Hapag-Lloyd.

As explained, the transactions will help Hapag-Lloyd modernise its fleet and at the same time reduce its CO2 footprint.

“We were very pleased to have been asked by Hapag-Lloyd to offer our independent expertise to assess whether the vessels meet the Green Loan criteria. This is a ground-breaking deal that shows that the industry can move towards greater sustainability hand-in-hand with improved commercial performance of the asset”.

… Shaun Walden, Project Director, Sustainability and ESG Services, DNV, said.

As for the six ultra-large 23,500 TEU container ships, partners noted that the newbuildings will have CO2 emissions approximately 15 to 25 percent lower than a comparable conventional fuelled vessel.

“Based on their hydrodynamic optimization, very efficient main and auxiliary engines and use of LNG as their main fuel, these vessels can meet all the criteria required”.

…said Jan-Henrik Hübner, Global Head of Shipping Advisory Practice at DNV Maritime.

Concluding, in addition to the requirements of the LMA’s Green Loan Principles, the ships will also satisfy the EU Taxonomy’s technical screening criteria for sea and coastal freight water transport.



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