A long-term frame agreement has been signed between SSAB and ESL Shipping under which the latter will order two LNG-fueled large bulk carriers for a total investment value of approximately EUR 60 million.
The agreement will cover SSAB’s, the Stockholm-based steel company, inbound raw material sea transports within the Baltic Sea and from the North Sea, the two companies informed in a statement on Thursday.
According to the Finnish dry bulk cargoes carrier ESL Shipping, the new, ice-class 1A ships with a 25.600 dwt capacity, will be the first LNG-fueled large bulk carriers in the world.
Vessels will be built at Sinotrans & CSC Qingshan Shipyard in China and will start operating in the Baltic Sea in early 2018.
The construction work is made together with the Finnish designer Deltamarin.
LNG World News Staff; Image: ESL Shipping