AtoB@C Shipping acquires a 4,100 dwt dry cargo carrier
(Posted on 09/11/18)
AtoB@C Shipping AB, a Swedish shipping company owned by Aspo's ESL Shipping, has acquired a 4,100 dwt dry bulk carrier of ice class 1A built in 2000. Previously, AtoB@C operated the vessel under a long-term time charter. The shipping company also owns the sister vessel of the newly acquired dry bulk carrier.
This transaction improves the availability of vessel capacity ideal for customer contracts. It is expected to have a slight positive impact on profitability, but no significant impact on the balance sheet. The acquisition has been financed by using Aspo Group's existing financial instruments.
ESL Shipping Ltd is the leading carrier of dry bulk cargoes in the Baltic region. The company’s main clients are the power generation, steel and chemical industries to whom they carry raw materials such as coal, iron ore and limestone. ESL Shipping Ltd has been in business close to 70 years and is a subsidiary of Aspo Plc
Latest News
North Pacific Green Corridor Consortium forms new corridor
(Posted on 18/04/24)Global industry leaders from North America, Asia and Europe have announced the formation of the North... Read more
Tomini Dynasty Captain receives prestigious Gallantry Award
(Posted on 16/04/24)Tomini Group, a world-class dry bulk ship owner, has announced that Captain Om Dutta has been honoured... Read more
Singapore retains top spot as world’s leading maritime city
(Posted on 15/04/24)Singapore has retained its title as the leading maritime city in the world, followed by Rotterdam and... Read more
AtoB@C Shipping takes delivery of Stellamar
(Posted on 15/04/24)AtoB@C Shipping, a subsidiary of ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic... Read more
Maritime industry leaders to explore ammonia as marine fuel on US West Coast
(Posted on 29/03/24)American Bureau of Shipping, CALAMCO, Fleet Management Limited, Sumitomo Corporation and TOTE Services... Read more
MMS raises awareness over improper use of antibiotics on board vessels
(Posted on 29/03/24)Leading provider of medical support services for crews, Marine Medical Solutions (MMS), is concerned... Read more
ESL to sell Supramaxes
(Posted on 25/03/24)ESL Shipping, a leading carrier of dry bulk cargoes in the Baltic region, has signed a memorandum of... Read more
Sustainable fuels can reach cost parity with fossil fuels by 2035
(Posted on 25/03/24)New Wärtsilä analysis shows EU ETS and FuelEU Maritime will close price gap, creating policy... Read more
Swedish Club delivers firm foundation for future growth
(Posted on 25/03/24)The Swedish Club reported positive results for 2023, combined with an emphasis on supporting its members... Read more
DNV establishes Tanker and Bulker Expert Team in China
(Posted on 18/03/24)DNV has established a Tanker and Bulker Expert Team based in Shanghai. With strong global demand and... Read more
