Sustainability Report for 2021 is now live

19.04.2022

ESL Shipping has published its Sustainability Report for 2021, providing information regarding our recent developments in ESG matters.

Throughout 2021, the pandemic continued to affect our operations both at sea and ashore. Thanks to the hard work of our crewing department, we were able to continue crew changes throughout the year for both EU and non-EU seafarers.

As we constantly aim to improve the level of our sustainability work, we teamed up with Deloitte to further develop our ESG work and to establish targets and KPIs relevant to us. As a part of this project, stakeholder interviews and surveys were conducted to determine topics important to our stakeholders and us. Our ESG targets were published in December 2021 and you can read more about those here.

The preparation of new regulations to reduce greenhouse gas emissions from the shipping industry continued in 2021. While we support initiatives to reduce greenhouse gas emissions from shipping, it is crucial that the regulations are worldwide and more specifically our niche of sailing in ice and winter conditions is also taken into account.

"We should not create such regulations or market-based measures for emission reduction that may lead to the development of two-tier freight market. This is exactly what we would get by putting the threshold at the 5,000 GT vessel size; market distortion and carbon leakage. Everyone in the shipping industry should be in the same boat", comments Managing Director Mikki Koskinen.

Our project work to develop environmentally superior vessels for AtoB@C Shipping's traffic concluded in September 2021 when we announced an order of six electric hybrid 5,350 dwt vessels. These vessels will reduce CO2-emissions by around 50% compared to existing vessels and are 10% below the Energy Efficiency Design Index Phase 3.

ESL Shipping together with its fully owned subsidiary AtoB@C Shipping is the leading carrier of dry bulk and product cargoes in the Baltic Sea with a fleet of 51 vessels ranging from 3,000 to 56,000 deadweight tons. In 2021, the Group's net sales were 191.4 MEUR and an operating profit of 26.8 MEUR. ESL Shipping is a part of Aspo Group.

You can access the latest report by clicking here.

ESL Shipping
ESL Shipping is the leading carrier of dry bulk cargoes in the Baltic Sea region. We secure product and raw material transportation for the industry and energy production around the year, even under difficult weather conditions. We have been in business more than 70 years and are part of Aspo Plc

ESL Shipping Ltd. press release