ESL Shipping seals $32m funding for hybrid electric bulkers

Finland’s ESL Shipping, part of the Aspo Group, has secured fresh funds that will be directed to partly finance its hybrid electric bulkers under construction in India. The company’s Swedish subsidiary, AtoB@C Shipping, has signed a €32.2m loan agreement with Svenska Skeppshypotek. AtoB@C Shipping has ordered twelve 5,350 dwt battery hybrid vessels for delivery from

ESL Shipping orders Chowgule & Company for five electric bulkers

AtoB@C Shipping, a Swedish subsidiary of ESL Shipping, part of the Aspo Group, has confirmed an additional order for five electric hybrid bulkers at Indian shipyard Chowgule & Company. This latest order takes the series to 12 of the new-generation electric hybrid vessels, with the first two of the new vessels already under construction. The

ESL Shipping to use low emission Neste Marine fuel

ESL Shipping will become the world’s first shipping company to start utilising new low-emission Neste Marine 0.1 co-processed marine fuel in its vessels in Finland and Sweden. The ISCC PLUS certified marine fuel enables up to 80% reduced greenhouse gas emissions over the life cycle compared to fossil fuels, the fuel’s developer claims. Neste Marine

ESL Shipping joins Swedish hydrogen hub project

Finnish dry cargo vessel operator ESL Shipping, a subsidiary of Aspo, is taking part in a project to produce hydrogen as a fuel at the port of Luleå in Sweden as the first customer-side stakeholder. Named Botnia Link H2, the project is a partnership between energy company Uniper, technology firm ABB, Swedish Port of Luleå