The total project cost is estimated at EUR 186 million, with delivery expected between 2024 and 2028. There is also potential for ESL Shipping to expand its order with additional vessels.
The competitiveness of these next-generation ships is bolstered by their market-leading energy efficiency, innovative cargo space design, and reduced operational costs. The new vessels will be constructed at China Merchants Jinling Shipyard in Nanjing, China, with the first units scheduled to enter service in the third quarter of 2027, and the fourth ship expected to launch in early 2028.
Rolf Jansson, CEO of Aspo, emphasized that investing in fossil-free, handy-sized vessels is a timely decision, especially following the success of their ongoing investment in low-emission hybrid coasters.
Mikki Koskinen, Managing Director of ESL Shipping and Chairman of the Board of AtoB@C Shipping, stated, "Our strategy is centered on sustainability leadership and our capability to 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 collaboration with our industrial partners."
In conjunction with this vessel order, ESL Shipping has reinforced its balance sheet with a EUR 45 million equity injection, as announced on February 8, 2024. The company is exploring various ship ownership and financing solutions to enhance business growth and expand service offerings, potentially including pooling as a financial instrument, which has proven effective in financing smaller hybrid coasters. These initiatives will align with Aspo’s overall portfolio strategy and financial targets.