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Aspo Group News

04 Jan 2024

Orsel Takes the Helm as ECSA's First Female President

Karin Orsel (Photo: ECSA)

Karin Orsel has been appointed the first female President ever in the history of the European Community Shipowners’ Associations (ECSA), starting on January 1, 2024 for a two-year term, with Mikki Koskinen joining as the new Vice-President. She succeeds Philippos Philis, who has held the position since January 2022.Commenting on her appointment, new ECSA President Karin Orsel said, “The strategic role of European shipping for the security of the Europe has come to the forefront.

01 Sep 2019

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.

11 Mar 2019

Finnish Flag for All ESL Vessels

Finland-based shipping company ESL Shipping, part of the ASPO Group, has decided to reflag its new LNG-fueled bulk carrier Haaga to the Finnish flag.According to the carrier of dry bulk cargoes in the Baltic region, the reflagging of the newbuilding Haaga is as a part of the agreement with unions. Flag change took place today in Kokkola, Finland.”We found a constructive solution with unions and are proud to finally hoist the Finnish flag onboard the Haaga”, says Mikki Koskinen, Managing Director of ESL Shipping."Having all owned vessels under Finnish flag gives us synergies in crew replacement and rotation as well as improves the competitiveness of the whole fleet through introduction of the fleet wide mixed crewing model…

05 Nov 2018

AtoB@C Shipping Acquires Dry Cargo Carrier

The Swedish shipping company owned by Aspo's ESL Shipping, AtoB@C Shipping has acquired a 4,100 dwt dry bulk carrier of ice class 1A built in 2000. Previously, AtoB@C operated the vessel under a long-term time charter.The shipping company also owns the sister vessel of the newly acquired dry bulk carrier.This transaction improves the availability of vessel capacity ideal for customer contracts. It is expected to have a slight positive impact on profitability, but no significant impact on the balance sheet. The acquisition has been financed by using Aspo Group's existing financial instruments.Two months ago, ESL Shipping completed the acquisition of AtoB@C Shipping."Together we form a strong Nordic shipping company that is customer-driven.

07 Sep 2018

Viikki Delivered to ESL Shipping

Finland’s ESL Shipping, an Aspo Group company, has taken delivery of liquefied natural gas (LNG)-fueled bulker Viikki from the Jinling shipyard in Nanjing, China.Viikki's sister ship Haaga was delivered on August 20. The 160-meter, LNG-fueled vessel of 25,600 dwt emits over 50 percent less carbon dioxide than the previous generation of vessels.Like its sister ship Haaga, Viikki will first head from the shipyard to Japan, from where it will arrive fully laden at the Baltic Sea approximately at the end of October. The plan is that both vessels will travel to the Baltic Sea via the Northern Sea Route.This shortens the travel time by nearly three weeks compared to the route via the Panama Canal and, therefore, significantly reduces the environmental impact of the trip.

22 Aug 2018

ESL Shipping Takes Delivery of LNG-fueled Bulk Carrier

Finnish dry bulk shipping company ESL Shipping has taken delivery of a liquefied natural gas (LNG) fueled bulk carrier named Haaga.The next-generation 25,600 dwt bulk carrier is 160 meters long and was delivered Monday to Aspo Group's ESL Shipping from Jinling Shipyard in Nanjing, China.LNG-fueled vessel generates less than 50% of the carbon dioxide emissions of the previous generation of vessels. The vessel can also be fueled by completely carbon-free biogas, once the availability of carbon-free biogas improves over time.The vessel incorporates several innovative solutions to reduce its environmental footprint by minimizing its energy consumption and emissions.

29 Jun 2018

ESL Shipping Acquires AtoB@C

Finnish dry bulker ESL ShippingLtd, a shipping company fully owned by Aspo Group, is going to acquire all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB (AtoB@C) that offer shipping services. The enterprise value is EUR 30 million. The final purchase price will be mainly financed by Aspo's existing financing reserves, and approximately EUR 4.2 million will be covered by new shares issued by Aspo Plc. The transaction will require the competition authority's approval in Finland to be completed. It is estimated that the transaction will be completed in the third quarter of 2018. AtoB@C is engaged in the shipping business with 30 vessels in size of 4,000-5,000 tonnes. AtoB@C owns six dry cargo vessels in full, and it has a share of 49% of two vessels.

30 Nov 2015

ESL Orders LNG-fueled Bulker following Transport Deal with SSAB

ESL Shipping Ltd and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea. The purpose of the agreement is to enable mutual, long-term gains in efficiency and to reduce overall logistics costs, while simultaneously making raw material logistics as sustainable and environmentally friendly as possible. At present, the aggregated sea transport volume covered by the agreement is estimated to be 6–7 million tons annually. Resulting from the agreement, ESL Shipping will order new, extremely energy-efficient LNG-fueled ships. These new, ice-class 1A ships will be the first LNG-fueled large bulk carriers in the world, representing the latest in technology and innovation.

27 Nov 2015

SSAB, Aspo ESL Shipping Pact On Sea Transport

The global steel company SSAB and Aspo Group’s ESL Shipping Ltd have signed a long-term frame agreement covering sea freight for SSAB’s inbound raw material sea transport within the Baltic Sea and from the North Sea. The purpose of the agreement is to secure deliveries of raw materials, enable mutual, long-term gains in efficiency and to reduce overall logistics costs. This will simultaneously make raw material logistics as sustainable and environmentally aware as possible. The estimated transport volume is 6-7 million tonnes annually. The new combined sea freight agreement will result in a reduction of more than 50% in CO2 emissions per tonne of cargo transported compared to present vessels.

28 Jun 2011

LCS to Modernize Six Barges

The Lifecycle Services (LCS) unit of STX Finland has entered an agreement for push barge fleet modernization on April 29 with Aspo Group member ESL Shipping. The agreement covers the docking and modernization work on two push barges and four barges. In February 2011, ESL Shipping signed a long-term agreement with Rautaruukki for the marine transport of raw materials on the Baltic Sea, and for this reason ESL Shipping announced that it will modernize its existing push barge fleet during summer 2011. Work shall be carried out on the Arctech Helsinki Shipyard. Push barge MS Rautaruukki and barge Tasku arrived at the Helsinki shipyard yesterday, and the next barge will arrive in about a week. Work will start immediately and will continue until the end of August.