DNV supported Hapag-Lloyd’s green financing for six of its highly efficient containership newbuildings, says an article published on their website.
Transactions fulfil the requirements
DNV has supported Hapag-Lloyd in obtaining financing for six of its highly efficient containership new buildings according to the Green Loan Principles of the Loan Market Association (LMA).
DNV has verified that the transactions fulfil the requirements of the programme.
Hapag’s debut transactions
Hapag-Lloyd has concluded two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA).
Compliance confirmation
DNV has provided a second party opinion to confirm compliance with the requirements as an independent expert.
Financing of 6 ultra-large containerships
The transactions are associated with the financing of six ultra-large 23,500 TEU container ships, which were ordered in December 2020.
Hapag’s first green financings
Mark Frese, Chief Financial Officer of Hapag-Lloyd said, “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.”
Mark added that the transactions will help Hapag modernise their fleet while further reducing CO2 footprint at the same time.
“In addition to enjoying our constructive collaboration with DNV on this project, it was also very helpful – especially with regard to the formal requirements for preparing a secondary opinion and the technical specifications of the vessels.”
A ground-breaking deal
“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,” Shaun Walden, Project Director, Sustainability and ESG Services, DNV.
“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.”
All criteria fulfilled
Hydrodynamic optimization
Jan-Henrik Hübner, Global Head of Shipping Advisory Practice at DNV Maritime said, with the hydrodynamic optimization, very efficient main and auxiliary engines and use of LNG as their main fuel, Hapag’s vessels can meet all the criteria required.
Setting an example
He added, with the ability to run on bio- and synthetic-LNG, once these fuels become more widely available, they offer an example of how vessels can reduce carbon intensity now, while being ready to move to a lower or zero carbon future.
Satisfies EU Taxonomy’s technical screening too
As a result of the highly efficient high-pressure LNG dual-fuel engines, the six newbuildings will have CO2 emissions approximately 15 to 25 percent lower than a comparable conventional fuelled vessel.
This means that 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. The state-of-the-art vessels are being built in South Korea and are scheduled to be delivered in 2023.
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Source: DNV
