German container line Hapag-Lloyd has broken new ground with an $889m green financing package for newbuildings.

The shipowner said the two debut eco transactions will fund six huge 23,500-teu dual-fuel boxships ordered for up to $1bn in December at Daewoo Shipbuilding & Marine Engineering in South Korea.

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The company added that the financing fulfils the terms of the Green Loan Principles of the Loan Market Association.