AtoB@C Shipping Confirms Additional Order For Five Electric Hybrid Vessels And Establishes A Shipping Pool

AtoB@C Shipping, a subsidiary of ESL Shipping, declared order of five additional vessels from the Indian shipyard Chowgule & Company Private Limited, from which the shipping company has previously ordered seven identical electric hybrid vessels. Of the series of 12 new-generation electric hybrid vessels, every other vessel is sold to a company formed by a group of investors. As previously announced, the total amount of ESL Shipping’s own investment will remain at the size of six vessels and approximately EUR 70 million.

The first two of the new vessels are already under construction, and the planned delivery of the first vessel is scheduled for the third quarter of 2023. The planned delivery of the last vessel is scheduled for the second quarter of 2026.

As announced earlier, ESL Shipping will establish a long-term GreenCoaster pool for energy-efficient electric hybrid vessels together with a group of investors consisting of institutional and private investors.

A pooling structure is a model commonly used in the international shipping business for the ownership and operation of vessels. The forthcoming GreenCoaster pool will accelerate the growth, profitability and return on capital of ESL Shipping’s business. The pool will also form the first phase of the shipping company’s new low-carbon growth strategy that utilizes investor funding and a pooling structure.

AtoB@C Shipping will act as the manager of the pool and all vessels in the pool will be placed as part of the shipping company’s existing and growing contract traffic. The investor company is offered complete services related to the construction and maintenance of the vessels on a turnkey basis.

Main particulars of the vessels:

DWT: 5,350
Length 90 meters
Breadth: 16 meters
Draft: 6 meters
Ice class: 1A

Reference: AtoB@C

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Latest Shipping News You Would Like:

Crew Member of MTM Dublin Tanker Falls Overboard Near Boston Harbour

Posted on September 27, 2023

The crew members of a commercial fishing vessel successfully recovered an unresponsive individual who had reportedly fallen overboard from a tanker vessel.

U.S Navy Spends $175 Million On An Old Ship That May Never Return To Sea, Angering Taxpayers

Posted on September 27, 2023

For over six years, the 567-foot Vicksburg has been idle at a shipyard in Virginia, going through repairs that have cost the U.S. taxpayers millions of dollars.

Russia Launches Attacks On Ukraine After Alleged Death Of Black Sea Fleet Commander

Posted on September 27, 2023

Russia’s warships kept launching attacks on Ukraine after Kyiv’s claim that the well-known commander of the Black Sea Fleet (of Moscow) was killed in Friday’s mission.

Cruise Ship Captain Sentenced To 5 Years In Prison For Negligence That Killed 27 People

Posted on September 27, 2023

A Hungarian court has sentenced Ukraine’s cruise captain to five years in prison for involvement in a collision on the Danube back in 2019 that left 27 individuals dead.

ABS and AL Group To Study Ultramax Bulker Methanol Fuel Conversion

Posted on September 27, 2023

ABS and Asiatic Lloyd Maritime LLP, member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier.