ESL Shipping Enhances Fleet by Selling M/S Kallio To Norway
ESL Shipping Strengthens Its Fleet Strategy
In an exciting development, ESL Shipping has decided to enhance its fleet by parting ways with the M/S Kallio, which has been operational since 2006. The vessel has been sold to The Qrill Company AS, a company based in Norway. This strategic divestment is part of ESL Shipping's ongoing commitment to accelerate its green transition and improve the financial positioning for its new vessels currently under construction.
Details of the Sale and its Implications
ESL Shipping announced that the sale price for the M/S Kallio is approximately EUR 18 million. For Aspo, the financial gain from this transaction is expected to be around EUR 10 million, showcasing a positive return. This move not only bolsters the company’s finances but also reflects its dedication to greener operations, which is becoming increasingly crucial in today’s maritime industry.
Investment in Green Technology
CEO Rolf Jansson emphasized the company's forward-thinking approach to fleet expansion, stating, "We are investing heavily in Green Handy vessels, which can be operated fossil-free and have an ice class of 1A. The development of our Green Handy vessels is on schedule. By selling M/S Kallio, we strengthen ESL Shipping's balance sheet while staying true to our strategic vision." This commitment to sustainable practices is vital as industries increasingly prioritize environmental responsibility.
Commitment to Customer Delivery and Capacity
Mikki Koskinen, Managing Director of ESL Shipping, reassured stakeholders that maintaining capacity and reliable customer service is paramount. He stated, "The first new generation Green Handy vessel will be integrated into our fleet in about two years. During this transition, we will explore options for chartering or acquiring additional vessels as necessary to meet demand." This ensures that ESL Shipping remains agile and responsive amid the evolving market landscape.
Transitioning the Crew and Vessel Operations
M/S Kallio has been a vital part of ESL Shipping's operations under the Finnish flag. Following its divestment, the company aims to reassign as many crew members as possible to other ESL vessels. This approach not only preserves jobs but also enhances operational continuity for the company as they adjust to the fleet changes.
About ESL Shipping
As a prominent entity within Aspo Plc, ESL Shipping holds a leading position in the dry bulk sea transport sector within the Baltic Sea region. The company is instrumental in ensuring the transport of products and raw materials critical to various industries and energy production throughout the year. Their efforts to embrace the green transition align perfectly with the goals of many Nordic industrial companies. Notably, in 2024, ESL Shipping achieved a prestigious Platinum rating in the EcoVadis sustainability assessment, highlighting its commitment to environmental stewardship.
Frequently Asked Questions
What is the significance of the sale of M/S Kallio?
The sale is part of ESL Shipping's strategy to enhance its fleet and support its transition to greener technologies, while also improving its financial position.
How much did ESL Shipping sell M/S Kallio for?
M/S Kallio was sold for approximately EUR 18 million, resulting in an expected gain of EUR 10 million for Aspo.
What are Green Handy vessels?
Green Handy vessels are designed to operate fossil-free and have a high ice class, making them suitable for environmentally sustainable operations.
When will the new generation Green Handy vessel be introduced?
The first new generation Green Handy vessel is expected to join the ESL Shipping fleet in about two years.
What does ESL Shipping focus on in its operations?
ESL Shipping is focused on maintaining reliable customer deliveries while also prioritizing capacity, alongside facilitating the green transition for Nordic industries.
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