Aspo subsidiary ESL Shipping builds a series of energy-efficient new generation electric hybrid vessels to meet growing demand
21 September 2021 - 03:30PM
Aspo subsidiary ESL Shipping builds a series of energy-efficient
new generation electric hybrid vessels to meet growing demand
Aspo PlcStock Exchange ReleaseSeptember 21, 2021, at 08.30
Aspo subsidiary ESL
Shipping builds a series of
energy-efficient new generation electric
hybrid vessels to meet growing
demand
AtoB@C Shipping AB, a Swedish subsidiary of ESL Shipping, part
of the Aspo Group, builds a series of six new, highly
energy-efficient electric hybrid vessels. These new 1A ice class
vessels are top of the market in terms of cargo capacity,
technology, and innovation. The total value of the six ships is
approximately 70 Me and its cash flow is divided mainly for the
years 2023–2024. AtoB@C Shipping has the option to expand the order
with several ships.
The greenhouse gas emissions, including CO2, of new vessels per
cargo unit transported will decrease by almost 50% compared to the
existing ships, making the vessels the most efficient in the world
in their size class. the The vessels’ battery packs, shore-side
electricity solution and electric hybrid use enable completely
emission-free and noise-free port calls. Ships can also arrive and
leave the port with only electric power.
The loading capacity of the vessels is 5,350 tonnes (dwt),
length 90 meters, breadth 16 meters and draft 6 meters.
The new vessels will be built at Chowgule and Company Private
Limited shipyard in India and will enter service starting from the
third quarter of 2023. The yard is part of the family owned
Chowgule Group founded in 1916 and has long experience in building
ships of similar size for several European clients.
The design work of the ships and comprehensive model tests have
been carried out together with the Dutch based SMB Naval
Architects. The shipping company has been closely involved in the
design of the vessels and has tailored the vessels to customer
needs. Special attention has been paid to the energy efficiency and
arrangements of cargo spaces.
"The investment strengthens ESL Shipping's competitiveness and
future growth as an industrial partner. These new vessels provide
compelling evidence of Aspo's and its businesses' ability to lead
the way as forerunners in sustainability in their industries and
they respond to growing customer demand,” said Rolf Jansson, CEO of
Aspo.
"We are very pleased to be able to invest in new,
energy-efficient vessels. Together with the shipbuilder Chowgule
and AtoB@C Shipping, we will make shipping even more
environmentally friendly,” said Mikki Koskinen, Managing Director
of ESL Shipping and Chairman of the Board of AtoB@C Shipping.
In connection with the vessel order, the possibilities of using
various ship ownership and financing solutions to accelerate
business growth and expand the service will be explored. This may
include, for example, ship ownership and financing solutions
commonly used in the international shipping business which have not
previously been used by ESL Shipping.
ASPO PLC
Further information, please contact:
Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264Mikki
Koskinen, Managing Director, ESL Shipping tel. +358 50 351
7791
Aspo is a conglomerate that owns and develops businesses in
Northern Europe and growth markets, focusing on demanding B-to-B
customers. The aim of our strong corporate brands – ESL Shipping,
Leipurin, Telko and Kauko – is to be the market leaders in their
sectors. They are responsible for their own operations, customer
relationships and the development of these. Together they generate
Aspo’s goodwill. Aspo’s Group structure and business operations are
developed persistently without any predefined schedules.
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