ESL Shipping Oy (Finland) - Loan - Nordic Investment Bank
Summary
This is expected to benefit the forest, metals, mining, chemicals, and food industries in the Nordic region. These vessels can also carry wind turbine parts for offshore wind farms, enhancing cost competitiveness in Finland and Sweden.Environmental International shipping carries approximately 80% of all global trade from port to port and is also among the most efficient freight carrier with the lowest CO2 emissions per ton transported. At the same time, maritime transport accounts for 23% of GHG emissions and the sectors is hard-to-abate.Supported vessels are net-zero ready technology wise, thus providing a potential to significantly reduce GHG emissions, and are technologically currently at the forefront of environmental performance in the market. Vessels also have good designed environmental features (such as EEDI, ballast and wastewater water treatment, etc. ).ESL Shipping is among the first movers in green methanol-based shipping and is in the process of setting Science-Based Targets Initiative (SBTi) targets to align operations with climate science and increase green methanol usage.Tonnage of ships: 17,000 tonnes for each shipAnnual efficiency rate per vessel: in the range from 11 to 0.6, as per biofuel percentageCO emissions per vessel: 378-7,190 tCO annually, as per biofuel percentage