ESL Shipping Buys Alppilan from SEB Leasing

Finland-based shipping company ESL Shipping, part of the ASPO Group, has acquired bulk carrier Alppila from SEB Leasing.

The acquisition was made in accordance with the terms and conditions of the lease agreement signed in 2011, said the carrier of dry bulk cargoes in the Baltic region.

Designed to meet the needs of ESL Shipping's customers, m/s Alppila is a self-unloading bulk carrier specially built for Baltic Sea operations.

The bulk carrier is equipped for Finnish winter conditions and capable of operating even in the northernmost ports of the Baltic Sea.

The length of the vessel is 156 meters and her maximum draft with a full cargo is 9.4 meters, said the company.

The transfer of ownership will improve ESL Shipping’s profitability already for the second half of 2019.