By Andrea Figueras

Hapag-Lloyd said Thursday that it plans to start using SpaceX's satellite broadband service Starlink across its fleet.

The German container-shipping company said activation of the service is expected to take place early 2024, once the order is completed. Equipment should be installed by the end of this year.

Financial details weren't disclosed, but Hapag-Lloyd said the move is expected to lead to cost savings.

The company has been testing Starlink's satellite-powered internet since May, it said.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

September 21, 2023 05:42 ET (09:42 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Hapag-Lloyd (TG:HLAG)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Hapag-Lloyd Charts.
Hapag-Lloyd (TG:HLAG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Hapag-Lloyd Charts.