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ESL Shipping is renewing its fleet โ€“ sells M/S Kallio to a Norwegian company
Globenewswireยท 2025-10-10 07:00
Core Viewpoint - ESL Shipping is divesting M/S Kallio to accelerate its green transition and strengthen financing for new vessels under construction, with a sales price of approximately EUR 18 million and an expected sales gain of about EUR 10 million for Aspo [1][2]. Group 1: Fleet Renewal and Green Transition - ESL Shipping is investing heavily in Green Handy vessels that can operate fossil-free and have an ice class of 1A, with development progressing as planned [2]. - The divestment of M/S Kallio is part of ESL Shipping's strategy to strengthen its balance sheet and support the green transition of Nordic industrial companies [2][6]. Group 2: Operational Capacity and Future Plans - Ensuring sufficient capacity and reliable customer deliveries is a priority, with the first new generation Green Handy vessel expected to join the fleet in about two years [3]. - During the transition period, ESL Shipping will consider chartering or acquiring additional vessels as needed [3]. Group 3: Details of the Divestment - M/S Kallio, which has been in operation since 2006 under the Finnish flag, has been handed over to the new owner, who operates in the marine feed ingredients business [4][5]. - The company aims to reassign the crew of M/S Kallio to other vessels within ESL Shipping whenever possible [4]. Group 4: Company Background - ESL Shipping is a leading dry bulk sea transport company in the Baltic Sea area, providing transportation for industries and energy production year-round [6]. - In 2024, ESL Shipping achieved the best Platinum rating in the Ecovadis sustainability assessment, highlighting its commitment to sustainability [6].