German container shipping company Hapag-Lloyd will navigate through the COVID-19 crisis without seeking state aid.
Many other large companies in Germany have required a support from the government, Hapag-Lloyd sees no need for any financial support. The problems are minor.
“We will not look for government support as we are pretty confident that we will manage to get through this crisis on our own,” -spokesperson of Hapag-Lloyd.
All investments have been delayed such as ordering of new boxships.
Hapag-Lloyd currently has a fleet of 248 ships.
Anglo Belgian Corp. (ABC) announced a pair of engine agreements at the InnoTrans trade show in Berlin. ABC signed an agreement with Skinest Rail to supply 40 medium-speed DZC engines for the modernization of TE10 mainline service locomotives of Metinvest Holding Ukraine. ABC also signed an agreement with Ukraine-based Nikolaev Locomotive Rebuilder LLC for the supply of 6DZC engine. This medium-speed diesel engine will be used to repower TEM7 diesel-electric shunting locomotive of ArcelorMittal in Ukraine. ABC’s 6DZC engine, replacing the existing V12 engine, generates more power (up to 2000 hp or 1470 kW) while offering far lower fuel and lube oil consumption and less emissions, the company said.
Company d’Amico Tankers has signed memorandum of agreement for the sale of 2005-built MR tanker. The 48,700 dwt tanker was built by Japan’s Imabari Shipbuilding. The vessel would be sold for a price of USD 14.1 million.