Financial News

HAPAG - LLOYD AG: Hapag-Lloyd orders five new container ships

DGAP-News: HAPAG - LLOYD AG / Key word(s): Contract

2015-04-20 / 15:45

---------------------------------------------------------------------

10,500 TEU ships mainly for use in the South American trades / 2,100 reefer
plugs / Delivery in 2016/2017 / Chief Operating Officer Anthony J. Firmin:
"This order underlines our leading role in Latin American traffic"

Hapag-Lloyd today ordered five container vessels with a capacity of 10,500
standard containers (TEU) each from the South Korean shipyard Hyundai Samho
Heavy Industries. The ships are to be built at the yard in Samho, on the
south coast of Korea.

They will be deployed primarily on South American routes. When the expanded
Panama Canal opens next year, Hapag-Lloyd will therefore have the optimal
fleet for this trade. The expansion of the Panama Canal is one of the
biggest civil engineering projects in the world, and will allow the passage
of large vessels of up to 14,000 TEU from what is known as the post-Panamax
class.

The new Hapag-Lloyd ships will have 2,100 reefers plugs and are therefore
particularly suitable for transporting perishable goods such as fruit,
vegetables, meat, fish or pharmaceutical products. In addition, they are
equipped with a highly efficient main engine, an optimized hull shape and
an innovative lashing and loading system for greater loading flexibility.

"This order for five vessels underlines Hapag-Lloyd's leading role in the
Latin American trade. Following our successful merger with CSAV, we are one
of the market leaders in this attractive trade and offer our customers a
variety of excellent connections to and from South America," said Anthony
J. Firmin, Chief Operating Officer at Hapag-Lloyd.

The ships are scheduled for delivery between October 2016 and May 2017.



---------------------------------------------------------------------

2015-04-20 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


346167 2015-04-20