NIB finances ESL Shipping’s investment in electric hybrid vessels
The Nordic Investment Bank (NIB) has signed a ten-year EUR 20 million loan agreement with the Finnish dry bulk cargo company ESL Shipping Oy (ESL). The loan will finance the company’s investments in six new dry bulk carriers.The company is investing in new bulk carriers to increase capacity and energy efficiency. The new vessels will be electric hybrids and the aim is to reduce CO\2\ and harmful air emissions with the fuel mix consisting of low-sulphur marine gas oil, biodiesel, and a battery pack. The CO\2\ emissions per cargo unit transported will decrease by 40-50% comparing to the