Hapag-Lloyd secures $372 million Korean ECA-backed finance for new ships

Region:

Europe

Jonathan Bell

Editor-in-chief

Shipping company Hapag-Lloyd has signed a $372 million finance facility agreement with a syndicate of international banks backed by South Korean export credit agencies (ECAs). The funds will be used for the long-term financing of five 10,500 TEU new-built container vessels and to support liquidity reserves.

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