Hapag-Lloyd secures US$500 million in Bank of Comunications financing
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Hapag-Lloyd secures US$500 million in Bank of Comunications financing

CHINA's Bank of Communications Financial Leasing (BOCOMFL) is to provide Hapag-Lloyd up to US$500 million to finance the German carrier's fleet expansion that will involve buying both newbuilds and second hands.

13 July 2017 - 20:00 - Update: 14 July 2017 - 10:46

The ocean liner operates a fleet of 217 containerships with a total capacity of 1.505 million TEU, the fifth largest in the world, according to Aphaliner.

Hapag-Lloyd completed a merger with UASC in May, and the first UASC services will be transferred to Hapag-Lloyd from mid-July with the rest following soon after, reported Splash 24/7.

 

 

 

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