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AtoB@C Shipping confirms additional electric hybrid vessel order

AtoB@C Shipping confirms additional electric hybrid vessel order

(Posted on 01/07/22)

AtoB@C Shipping, a subsidiary of Aspo Group’s ESL Shipping, has declared an option and order for the first additional vessel from the Indian shipyard Chowgule & Company Private Limited, from which the shipping company has previously ordered six identical electric hybrid vessels, as announced in September 2021.

In connection with the forthcoming series of new-generation electric hybrid vessels and additional vessel options, ESL Shipping is preparing to start a long-term pooling partnership together with a group of investors consisting of institutional and private investors. The pooling structure is a model commonly used in the international shipping business for the ownership and operation of vessels, and it is introduced to accelerate the growth, profitability and return on capital of ESL Shipping's business.

The first two of the new generation of energy-efficient hybrid electric vessels are already under construction, and the planned delivery of the first vessel is scheduled for the third quarter of 2023.

AtoB@C Shipping AB with its head office in Ystad, Sweden and branch offices in Norrköping and Raahe, Finland is a ship operator and logistics company founded in 2000. The company currently operates a fleet of 33 well maintained, ice classed, modern and multipurpose vessels in 3,000-6,000 dwt segment. In addition, the company operates tug Charlie which is based in Raahe, Finland.

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