Hapag-Lloyd AG
ISIN: DE000HLAG475
WKN: HLAG47
06 November 2024 03:07PM

EQS-News: Hapag-Lloyd orders 24 new container ships

Hapag-Lloyd AG · ISIN: DE000HLAG475 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2024085

EQS-News: Hapag-Lloyd AG / Key word(s): Miscellaneous
Hapag-Lloyd orders 24 new container ships

06.11.2024 / 15:07 CET/CEST
The issuer is solely responsible for the content of this announcement.


Hapag-Lloyd orders 24 new container ships

  • Ships will feature liquefied gas dual-fuel propulsion and be ammonia-ready
  • Deliveries between 2027 and 2029
  • Investment volume of roughly USD 4 billion
  • Rolf Habben Jansen: “We will continue to modernize and decarbonize our fleet.”

Hapag-Lloyd has signed two contracts with two Chinese shipyards for a total of 24 new container ships. Of these, 12 newbuildings – each with a capacity of 16,800 TEU – will be built by Yangzijiang Shipbuilding Group. These units will be used to expand the capacity of services that are already in place. An additional 12 ships, each with a capacity of 9,200 TEU, have been ordered from New Times Shipbuilding Company Ltd. and will replace older units in the Hapag-Lloyd fleet that will be nearing the end of their service life in this decade.

All of the newbuildings will be equipped with state-of-the-art low emission high pressure liquefied gas dual-fuel engines that are extremely fuel-efficient. In addition, these vessels can be operated using biomethane, which can reduce CO2e emissions by up to 95% compared to conventional propulsion systems. The new ships will also be ammonia-ready. Hapag-Lloyd will take delivery of the new vessels between 2027 and 2029. The newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around USD four billion. A long-term financing of USD three billion has already been committed.

“This investment is one of the largest in the recent history of Hapag-Lloyd, and it represents a significant milestone for our company as it pursues the goals of its Strategy 2030, such as to grow while also modernizing and decarbonizing our fleet. Operating a fleet of more efficient vessels will also enhance our competitive position, and thanks to the increase in capacity, we will continue to offer our customers a global, high-quality product,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

Hapag-Lloyd is fully committed to the 1.5-degree target of the Paris Agreement. By 2030, the absolute greenhouse gas emissions of the company’s fleet operations are to be reduced by around one third compared to 2022 – in what will be another step toward net-zero fleet operation by 2045. This ambitious goal will be achieved by investing in modern, efficient newbuildings, slow steaming, fleet modernization and the use of new propulsion technologies and alternative fuels, which will allow customers to benefit from multiple green transport options at the same time. Considering the recent investment decision announced on April 16 of this year to retrofit five vessels to methanol propulsion, this investment is another step in Hapag-Lloyd's efforts to prepare itself for a multifuel future and to drive the decarbonization of the liner shipping industry.

Hapag-Lloyd controls 287 modern container ships with a total transport capacity of 2.2 million TEU. This makes the company one of the world’s leading liner shipping companies. In addition, it operates the largest fleet sailing under the German flag.
 

About Hapag-Lloyd
With a fleet of 287 modern container ships and a total transport capacity of 2.2 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. In the Liner Shipping segment, the Company has around 13,700 employees and 400 offices in 140 countries. Hapag-Lloyd has a container capacity of 3.2 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 114 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has equity stakes in 20 terminals in Europe, Latin America, the United States, India and North Africa. Around 2,900 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities.

 

Disclaimer
This press release contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, uncertainties and contingencies. Actual results can differ materially from those anticipated in the Company’s forward-looking statements.


Press contacts
Nils.Haupt@hlag.com    +49 40 3001 - 2263
Tim.Seifert@hlag.com    +49 40 3001 - 2291

Contact for investors
Alexander.Drews@hlag.com    +49 40 3001-3705



06.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Germany
Phone: +49 (0) 40 3001 – 3705
Fax: +49 (0) 40 3001 - 72896
E-mail: ir@hlag.com
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475
WKN: HLAG47
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2024085

 
End of News EQS News Service

2024085  06.11.2024 CET/CEST

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The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 11.515,10 12.607,90 12.772,40 22.273,50 34.542,70 17.929,50 15.400,00
EBITDA1,2 1.138,10 1.985,80 2.700,40 10.852,60 19.428,70 4.461,00 4.490,00
EBITDA-Margin3 9,88 15,75 21,14 48,72 56,25 24,88 29,16
EBIT1,4 443,00 811,40 1.315,20 9.389,80 17.524,50 2.531,70 2.420,00
EBIT-Margin5 3,85 6,44 10,30 42,16 50,73 14,12 15,71
Net Profit (Loss)1 46,00 373,40 935,40 9.085,00 17.042,60 2.950,60 2.100,00
Net-Margin6 0,40 2,96 7,32 40,79 49,34 16,46 13,64
Cashflow1,7 1.072,90 2.028,20 2.897,90 10.410,00 19.503,30 4.966,00 0,00
Earnings per share8 0,21 2,06 5,27 51,63 96,89 16,70 11,95
Dividend per share8 0,15 1,10 3,50 35,00 63,00 9,25 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

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INVESTOR-INFORMATION
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Hapag-Lloyd
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
HLAG47 DE000HLAG475 AG 26.979,21 Mio € 06.11.2015 9F5FHX3X+95
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
11,81 14,58 0,81 8,90 1,58 5,43 1,50
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
63,00 9,25 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
30.04.2024 14.05.2025 14.08.2025 14.11.2024 20.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+2,33%
153,50 €
ATH 474,60 €
-2,58% -1,35% +13,70% +4,07% +667,50%

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