ESL Shipping inks €70M loan deal with Svenska Skeppshypotek

Aspo Plc subsidiary ESL Shipping has signed a €70m loan agreement with Svenska Skeppshypotek. The Helsinki-based company said the loan is a part of the financing of ESL Shipping’s investment in a series of four methanol-powered 17,000 dwt handysize vessels.

As informed, the loan has a maturity of 15 years, and it is expected to be drawn in 2027 and 2028. The new 1A ice class vessels can be operated fossil-free by using green methanol.

The total value of the four ships is around €186m, and this investment takes place during the years 2024-2028.

“We are delighted to continue our collaboration with Svenska Skeppshypotek in the financing of next-generation green ships. Partnering with a financial institution that possesses deep expertise in the maritime