Hapag-Lloyd and a banking syndicate signed a US$ 372 million facility agreement with a term of 12 years yesterday. The Company will use the loan to finance five new vessels which were ordered in April 2015 for delivery between October 2016 and May 2017. The total investment volume of the order lies in the mid three-digit million US$ range. The five ordered vessels will be deployed primarily on the South American routes and will have a capacity of 10,500 standard containers (TEU) each. With 2,100 reefers plugs each, the vessels are particularly suitable to carry perishable goods. With the investment, Hapag-Lloyd intends to strengthen its position as one of the largest reefer carriers in the world. The banking syndicate was led by joint bookrunners Credit Agricole, DNB, HSBC and UniCredit.