The Ystad-based line, part of the Finnish ESL Shipping, has exercised the option to have the Chowgule shipyard deliver more hybrid vessels - 12 at the moment.

Additionally, ESL Shipping will, together with institutional and private investors, form the GreenCoaster shipping pool, managed by AtoB@C Shipping.

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 construction and maintenance services of the vessels on a turnkey basis.

The total amount of ESL Shipping's investment will remain at the size of six vessels and approximately €70m.

Chowgule is already constructing the first two in the 5,350 dwt, 90 by 16 m, 1A ice class, and 7,650 m3 cargo capacity series. The first ship is slated for delivery in Q3 2023, while the last is in Q2 2026.

Photo: AtoB@C Shipping/ESL Shipping