20
Fri, Jun

ESL Shipping gets NIB finance for four dual-fuel cargo vessels

Dry Bulk News
ESL Shipping gets NIB finance for four dual-fuel cargo vessels

The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with ESL Shipping Oy to finance the construction of four IA ice-classed green handy-sized ships.

As reported by Shipping Telegraph on October 10, 2024, these vessels will be built in Nanjing, China at China Merchants Jinling Shipyard (Nanjing) Co, Ltd. and they will enter service between the third quarter of 2027, and the first quarter of 2028.

These ships are fully equipped to use fossil-free green methanol, although the actual use of green fuel will depend on end customer preference and availability, and the EUR 45 million loan given by NIB will co-finance the construction of the new vessels.

André Küüsvek, president and CEO of NIB, says that “NIB is supporting ESL

Content Original Link:

Full article click to Original Source SHIPPING TELEGRAPH DAILY NEWS

" target="_blank">

Full article click to Original Source SHIPPING TELEGRAPH DAILY NEWS

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers