Shipping giants Hapag-Lloyd and North Sea Container Line (NCL) have secured a tender to use low-emission fuels derived from hydrogen for container ships starting in 2027. Hapag-Lloyd plans to fuel five large vessels with 70,000 metric tons of e-methanol, while NCL will use 25,000 tons of e-ammonia for a smaller ship.
Hapag-Lloyd has secured a $500 million contract with CIMC Raffles for eight dual-fuel methanol containerships. Set for delivery between 2028 and 2029, each vessel will have a 4,500 TEU capacity and advanced engines promising 30% improved efficiency, collectively reducing carbon emissions by 350,000 metric tons annually.
Hapag-Lloyd Cruises made waves in European maritime tourism with a rare double call in Lisbon, featuring its luxury vessels, Europa 2 and Europa. This event, celebrated on social media, showcased Portugal’s cultural allure. Both ships embarked on unique itineraries, enhancing the city’s status as a vital cruise destination.
Hapag-Lloyd reported a 50% decline in net profit for nine months, totaling 846 million euros, and revised its earnings forecast downward due to market volatility and rising costs. CEO Rolf Habben Jansen highlighted the need for cost control amid challenges in the shipping sector, including fluctuating demand and freight rates.
Hapag-Lloyd is advancing its sustainability efforts by adopting StormGeo’s digital solutions to comply with the FuelEU Maritime regulation, effective January 1, 2025. Utilizing technology for monitoring fuel consumption and emissions, the partnership enhances compliance and environmental performance, showcasing a proactive approach to decarbonization in the shipping industry.
Leading shipping companies Maersk and Hapag-Lloyd are cautious about immediately returning to the Red Sea post ceasefire between Hamas and Israel. Safety is a priority, with ongoing monitoring of the Middle East situation. Resuming operations will only happen when deemed safe. Disruptions have led to longer routes and higher freight rates globally.
German container line operator Hapag-Lloyd has successfully implemented Shipshave’s In Transit Cleaning of Hull (ITCH) solution on two container ships, resulting in significant fuel savings and emissions reduction. Collaborating with DNV, the vessels showed improved energy efficiency over 17 months, proving the effectiveness of proactive hull cleaning in reducing fuel consumption and emissions.
Hapag-Lloyd’s vessel Colorado Express recently bunkered a B25 bio marine fuel blend containing ExxonMobil’s bio fuel, offering a 20.1% reduction in greenhouse gas emissions. The blend consists of Premium HDME 50 fuel with 0.10% sulfur ECA fuel and waste-based FAME derived from UCOME. The vessel successfully bunkered 1,320 metric tonnes of the blend in Antwerp.
Hapag-Lloyd has announced the order of 24 new container ships from Chinese shipyards, with a total investment of $4 billion. The vessels will be equipped with liquefied gas dual-fuel engines and will be ammonia-ready. This investment is one of the company’s largest and aims to enhance its competitive position in the global shipping industry.
This week saw the Indian maritime sector making significant strides, including the IRS and SeaTech Solutions’ MoU for green tugboat development, a six-fold increase in waterway cargo transport, and the launch of ROV projects in Kerala. These advancements reflect a commitment to sustainability and innovation within the industry.
Hapag-Lloyd, an international shipping company, has raised its full-year earnings guidance due to robust demand and increased freight rates. Despite challenges like vessel rerouting and geopolitical issues, the company now expects EBITDA for 2024 to be between $4.6 billion and $5 billion. Hapag-Lloyd remains optimistic about its earnings outlook amid uncertain market conditions.
The leaders of Hapag-Lloyd and Maersk are optimistic about the new Gemini Cooperation reaching a 90% service reliability goal. With a hub and spoke strategy, the alliance plans to improve on the current 53% global reliability rate. The focus on transshipment networks and efficient hub management aims to provide stable services for shippers.
Gasum has secured a contract to supply Hapag-Lloyd with bioLNG produced from waste, signaling the growing importance of eco-friendly fuels in maritime transportation. This renewable alternative, derived from organic waste, will help Hapag-Lloyd reduce carbon emissions while maintaining efficiency. BioLNG can be seamlessly integrated into existing LNG-fuelled vessels, offering a promising solution for the industry’s sustainability goals.
Maersk and Hapag-Lloyd are considering expanding their alliance due to shipping disruptions in the Red Sea caused by Houthi attacks. The Gemini Cooperation could increase to 340 vessels if disruptions persist. The goal is to offer more reliable services to customers. A decision will be made in October on the alliance’s future direction.
German shipping company Hapag-Lloyd anticipates a prolonged halt in shipping through the Suez Canal, even post-ceasefire between Hamas and Israel. The company cites ongoing Houthi attacks as a significant hindrance to normal operations. Both Hapag-Lloyd and Maersk faced substantial stock declines following this update, signaling broader disruptions in commercial shipping worldwide.
