March 23, 2023

Maritime Today Online

latest news and events in maritime and shipping

Hapag-Lloyd orders 75,000 TEU to meet container shortage challenge

Intending to address the global shortage of cargo containers, Hamburg-based shipping company Hapag-Lloyd has ordered another 75,000 TEU.

The containers will be manufactured in China and delivered to Hapag-Lloyd by the end of 2021.

For the same reason, at the beginning of 2021 Hapag-Lloyd placed an order for 150,000 TEU worth about $550 million.

Since the beginning of 2020, Hapag-Lloyd has ordered 625,000 TEU.

“While the normal turnaround time for our containers lies at 50 days, we currently need up to 60 days and more due to massive congestion at ports, terminals and inland operations worldwide,” says Rolf Habben Jansen, CEO of Hapag-Lloyd.

This means that today about 20 percent more containers are bound in shipment while transporting the same amount of cargo before the crisis. With our recent container orders, Hapag-Lloyd is further contributing to ease the challenging situation for our customers worldwide.”

Hapag-Lloyd now has a container fleet of more than 2.8 million TEU, among them 250,000 TEU reefer containers for refrigerated cargo.