Hapag-Lloyd orders 75,000 more containers

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  • Another 75,000 twenty-foot equivalent units (TEUs) of dry boxes on order
  • Delivery is within the fourth quarter of 2021
  • Carrier currently needs up to 60 days of turnaround time, up from the normal 50 days

Global container shipping liner Hapag-Lloyd announced it has ordered another 75,000 twenty-foot equivalent units (TEUs) of dry boxes to further ease the scarcity of empty containers.

The containers will be manufactured in China and delivered to Hapag-Lloyd within the fourth quarter of 2021, the ocean carrier said in a new release.

Adding up all investments in containers since the beginning of 2020, Hapag-Lloyd said it has ordered 625,000 TEUs so far.

For this year alone, Hapag-Lloyd announced last May an order for 60,000 TEUs of standard containers, which is on top of the order of 150,000 TEUs of dry and reefer boxes it announced a month earlier.

While the normal turnaround time for its containers is 50 days, the carrier said it currently needs up to 60 days and more due to massive congestion at ports, terminals and inland operations worldwide.

“This means that today about 20 percent more containers are bound in shipment while transporting the same amount of cargo before the crisis,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

The German carrier now has a container fleet of more than 2.8 million TEUs, among them 250,000 TEUs of reefer containers for refrigerated cargo.

Photo from Hapag-Lloyd website