Hapag-Lloyd bags funding for 24 newbuilds
Germany’s Hapag-Lloyd has lined up $4bn in financing for its 24-ship newbuilding spree signed off last year. The Hamburg-based global carrier said the financing consists of four parts. Around $900 will be financed using the company’s own funds, $500m using bilateral mortgage loans from two banks, $1.8bn will be financed via three leasing structures, and …
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