Nordic Investment Bank

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NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

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NIB finances ESL Shipping’s four dual-fuel cargo vessels

Mon, May 12, 2025 15:03 CET

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. 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. This investment reflects ESL Shipping's commitment to enhancing sustainability and reducing greenhouse gas emissions in the maritime sector.The EUR 45 million loan will co-finance the construction of the new vessels, which are expected to enter service between Q3 2027

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NIB finances ESL Shipping’s four dual-fuel cargo vessels

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NIB finances ESL Shipping’s four dual-fuel cargo vessels

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