Hapag-Lloyd signs LBM offtake deal with Shell

German container shipping company Hapag-Lloyd has signed a “multi-year” liquefied biomethane (LBM) offtake agreement with Shell.

IMAGE: Hapag Lloyd's container ship. Hapag Lloyd

The deal takes effect immediately, though Hapag-Lloyd has not disclosed its duration.

The shipping company reiterated its ambition to achieve net-zero fleet operations by 2045, with LBM expected to play a significant role.

Shell has been supplying LBM through its global LNG bunkering network since 2024 and currently offers the fuel at 22 locations worldwide, Hapag-Lloyd added.

By Konica Bhatt

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