Linklaters has advised long standing client Hapag-Lloyd on the USD$1.8bn financing of 11 large container vessels, through three separate leasing structures.
The financings are in line with the requirements of Hapag-Lloyd’s recently updated Green Financing Framework, which complies with the standards of the Green Loan Principles of the Loan Market Association. The new vessels will be equipped with state-of-the-art, low-emission and fuel-efficient high-pressure liquefied gas dual-fuel engines and will be able to be operated using biomethane (which can reduce CO2e emissions by up to 95%), as well as being ammonia ready.
Caroline Courtney, Partner in the Linklaters asset finance team, comments:
“We are very proud to have advised Hapag-Lloyd on these important financings particularly in light of their positive contribution to the energy transition. The acquisition and financing of these large container vessels is a testament to the commitment of Hapag-Lloyd to the 1.5-degree target of the Paris Agreement and will contribute to them achieving their ambitious decarbonization goals.”
The Linklaters asset finance team was led by partner Caroline Courtney with support from counsel David Murphy, managing associate Chiara Larghi and associate Nicole Ngan.
