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10 June 2023

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With a fleet of 241 modern container ships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies.

Hapag-Lloyd has sold three elderly ships for demolition, sticking to a plan outlined in last month’s earnings call. Singapore’s Wirana Shipping Corp, which acquires old vessels for recycling, stated that Hapag-Lloyd had sold the 1998 built  2,800 TEU boxship MISSISSAUGA EXPRESS

And the 2,992 TEU boxship OTTAWA EXPRESS

Together with the 1996 built 2,330 teu MILAN EXPRESS for a total of $17.27m.

Wirana said the ships would be recycled in Turkey and fetched a good scrap price due to the “good amount of spare parts” on the ice-class vessels.

Last month, Hapag-Lloyd CEO Rolf Habben Jansen said: “We have a number of ships that are going to reach the end of their lifetime in the next 24 months, and the majority will go to the scrapyards.” Vessel databases show the carrier has 22 other ships aged 20 years and older, ranging from 2,300 to 7,500 TEU.

Back to 2021 retrofitting vessels to sail on LNG turned out to be more costly than expected which has shelved its plans for more retrofits. The outlook for LNG in the shipping industry has changed, says CEO Rolf Habben Jansen.

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