News / Hapag-Lloyd goes large with €550m order for new containers

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Hapag-Lloyd today announced it has invested around €550m ($657m) in new containers as it seeks to address the crippling shortages faced by shippers and forwarders around the world.

The carrier said it was among its largest-ever box orders, as it continues to struggle with elongated container turnaround times and said it “needs significantly more than the normal number of boxes to carry the same volume”.

According to recent analysis by Drewry Shipping Consultants’ senior container equipment analyst, John Fossey, the typical turnaround ...