ESL Shipping Advances Green Goals With Supramax Sale

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Sale of Supramax Vessels

ESL Shipping has successfully completed the sale of supramax vessels Arkadia and Kumpula on 11 June 2024. The vessels were sold to companies belonging to the Turkish shipping and logistics group HGF Denizcilik Limited Sirket. The sale price was USD 37.1 million.

The sale of Supramax vessels is part of ESL Shipping’s strategy to concentrate on developing its partnership strategy with current and future customers, focusing on Handysize and Coaster vessels.

The Green Transition

“The sale will support our roadmap towards green shipping and our ambition to bring fossil-free handysize vessels to the market. The sale enables us to allocate even more resources to accelerate the green transition“, says Mikki Koskinen, Managing Director of ESL Shipping.

The 1A ice-strengthened, 56,000 dwt Supramax vessels Arkadia and Kumpula were delivered to ESL Shipping in 2012. The length of the vessels is 197 meters and the maximum draft with a full cargo is 13.0 meters. Both vessels have sailed under the Finnish flag.

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Source: ESL Shipping