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Hapag-Lloyd Makes Multi-Million Dollar Container Investment

August 20, 2015 12:05 am Published by

Hoping to capitalize on opportunities in South American trade, Hapag-Lloyd has ordered 6,000 reefer containers. Although no specific figures were provided, officials did say "the investment value was in double-digit millions of dollars."

We operate a state-of-the-art reefer fleet that is the fourth-largest in the world. With the new reefers, we are expanding our leading position even further in this specialised business with its specific demands and will thus benefit from the growing reefer market … With our enhanced reefer fleet, we are ideally positioned for the Latin American trade, which is an important part of the reefer business, right on time for the opening of the expanded Panama Canal next year.- Hapag-Lloyd, CEO

According to industry analysts, Hapag-Lloyd's merger with CSAV in early 2015 has allowed the container shipping leader to expand its presence in the Latin American market. This container investment will provide the resources necessary to transport certain fruits and vegetable.

Delivery of the company's new shipping containers is expected to begin in mid-September 2015.

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