HAPAG-LLOYD has signed an order for six ultra large container vessels, an investment of about US$1bn.

Daewoo Shipbuilding & Marine Engineering will build the vessels and deliver them to Hapag-Lloyd between April and December 2023. They will have the capacity to carry more than 23,000 TEU.

The vessels will be fitted with high-pressure dual fuel engines, which can operate on LNG and conventional fuel.

In a statement, Hapag-Lloyd said the vessels would be deployed on Europe–Far East routes as part of THE Alliance.

Hapag-Lloyd CEO Rolf Habben Jansen said the vessels will help the company remain competitive on the routes.

“With the investment in six ultra large container vessels we will not only be able to reduce slot costs and improve our competitiveness on the Europe–Far East trade, but also take a significant step forward in modernising our fleet,” he said.

“Additionally we will further reduce our environmental impact.”