HAPAG-LLOYD has locked in long-term financing for its US$4 billion investment in 24 new container ships, aligning the transaction with its updated Green Financing Framework.

The financing package includes four components: $900m from Hapag-Lloyd's own funds, $500m in bilateral mortgage loans from two banks, $1.8 billion through three leasing structures, and $1.1 billion via a syndicated credit facility backed by China Export & Credit Insurance Corporation (Sinosure).

The financing covers approximately 80 per cent of the investment, with maturities ranging from 10 to 18 years, reports UK's WorldCargo News.

The container ships, ordered back in October 2024, will be built in China and equipped with fuel-efficient high-pressure liquefied gas dual-fuel engines.

In addition, the vessels can be operated using biomethane and will also be ammonia ready. Delivery of the vessels, which have a combined capacity of 312,000 TEU, will take place between 2027 and 2029.

"We are continuously modernising our fleet in order to deliver a high quality of service and to achieve our ambitious decarbonisation goals," said Mark Frese, CFO/CPO of Hapag-Lloyd AG.

"The successful conclusion of several attractive financial transactions confirms that green financing components are becoming increasingly important. In addition, we are pleased to be able to finance newbuild projects in China for the first time with the Sinosure transaction."