ESL Shipping to build series of fossil-free handysize vessels
(Posted on 14/10/24)
ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic region, is building a series of four new, fossil-free handysize vessels. These new 1A ice-class vessels are the top of the market in terms of cargo capacity, technology and innovation. The total value of the four ships is approximately EUR 186 million and ESL Shipping has the option to expand the order with several ships.
The competitiveness of these next-generation vessels is based on increasing customer preference towards fossil-free cargo solutions over time, market-leading energy efficiency, efficient and flexible cargo space design and lower operating costs. The new vessels can be operated entirely fossil-free 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,” says 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 the third quarter of 2027 and the first quarter of 2028.
The design of the vessels and comprehensive model tests have been carried out together with leading Finnish ship designer Deltamarin Ltd and the Swedish SSPA model test facility. ESL Shipping has been closely involved in the design of the vessels to ensure that they are fully tailored to meet local customer needs. The majority of key equipment, such as powertrain including battery hybrid drive, cargo handling equipment and many other leading technologies 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 May 14, 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”, says Rolf Jansson, CEO of Aspo and Chairman of the Board of ESL Shipping.
Latest News
BAR Technologies appoints Panmarine to support Greece and Cyprus growth
(Posted on 29/05/26)BAR Technologies has appointed Panmarine & Industrial Services Ltd. as its commercial consultant... Read more
ClassNK releases Guidelines for 3D Model-Based Approval
(Posted on 29/05/26)ClassNK has released the “Guidelines for 3D Model-Based Approval (3DMBA)”, which summarizes... Read more
IRS awards Type Approval Certification to GRSE for Marine Hull and Line Valves
(Posted on 29/05/26)Indian Register of Shipping (IRS) is pleased to announce the handover of Type Approval Certificate to... Read more
Superior’s Patriot Cone Crushers gain more horsepower options
(Posted on 29/05/26)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
Partnership creates secure digital backbone for maritime cyber security
(Posted on 25/05/26)A strategic partnership signed between Cydome and Rakuten Maritime aims to provide shipping companies... Read more
Liebherr opens Digital Solutions Campus in Hamburg during TOC Europe
(Posted on 25/05/26)At TOC Europe, Liebherr presented a comprehensive maritime portfolio combining digital tools and its... Read more
ESL Shipping and QMill explore quantum computing for complex shipping decisions
(Posted on 22/05/26)Leading carrier of dry bulk cargoes in the Baltic region, ESL Shipping, has launched a multi-year research... Read more
Third electric LPS 550 strengthens PD Ports bulk handling capability
(Posted on 14/05/26)An LPS 550 fitted with an electric drive has been delivered to Middlesbrough from Liebherr’s Baltic... Read more
‘Smart ships’ failing to turn data into real intelligence, warns SmartSea
(Posted on 13/05/26)The maritime industry’s push towards “smart shipping” is falling short, with many... Read more
Steelpaint completes trial coating on Mur shipping bulker
(Posted on 11/05/26)Steelpaint GmbH, the German manufacturer of high-performance single-component moisture cure polyurethane... Read more
