ESL Shipping builds a series of fossil-free handysize vessels
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
ESL Shipping has announced it is building a series of four new, fossil-free handysize vessels. The total value of the four ships is approximately €186 million and ESL Shipping has said it has the option to expand the order by several ships.
ESL Shipping said that the competitiveness of these vessels is based on increasing customer preference towards fossil-free cargo solutions over time, energy efficiency, flexible cargo space design and lower operating costs. The new vessels can be operated by using green hydrogen-based e-methanol or biomethanol.
"Our strategy is based on sustainability leadership and our unique ability to develop and provide reliable infrastructure for the ice-bound Nordic green transition industries. We have developed these state-of-the-art, highly flexible multi-fuel vessels in close cooperation with our industrial partners,” said Mikki Koskinen, Managing Director of ESL Shipping.
The vessels will be built in Nanjing, China at China Merchants Jinling Shipyard (Nanjing) Co. Ltd. and they will enter service between 3Q27 and 1Q28.
The design of the vessels and model tests have been carried out together with Finnish ship designer Deltamarin Ltd and the Swedish SSPA model test facility. ESL Shipping said it has been closely involved in the design of the vessels to ensure that they can meet local customer needs. The majority of key equipment, such as powertrain including battery hybrid drive, and cargo handling equipment come from European companies.
"This investment is fully aligned with Aspo’s portfolio vision and financial ambition as communicated on Aspo’s capital markets day on 14 May 2024. ESL Shipping aims to be at the forefront in supporting its industrial partners towards delivering entirely fossil-free products and services. This investment in fossil-free handysize vessels is a natural step to take now, when the still ongoing investment in low-emission hybrid coasters has proven to be highly successful”, said Rolf Jansson, CEO of Aspo and Chairman of the Board of ESL Shipping.
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Read the article online at: https://www.drybulkmagazine.com/shipping/10102024/esl-shipping-builds-a-series-of-fossil-free-handysize-vessels/
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