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Hapag-Lloyd secures $889m in green financing for six newbuilds

German shipowner said its six liquefied natural gas-powered boxships will reduce carbon dioxide emissions by between 15%–25% compared with conventional fuel oil

Company has secured a $472m lease led by ICBC and a $417m loan from a banking syndicate to finance its six 23,500 teu newbuildings from DSME. Hapag-Lloyd also claimed the transactions meet green financing criteria

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