Sale of supramax vessels Arkadia and Kumpula has been completed


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 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.

ESL Shipping is the leading carrier of dry bulk cargoes in the Baltic region. ESL Shipping's competitive edge is based on its ability to responsibly secure product and raw material transportation for industries and energy production all year around, even in difficult weather conditions. The shipping company loads and unloads large ocean liners at sea as a special service.

ESL Shipping Ltd has been in business for over 70 years and is a subsidiary of Aspo Plc. The combined fleet of ESL Shipping and AtoB@C Shipping consists of over 40 vessels with cargo capacity ranging from 4,000 to 25,000 dwt.

MV Kumpula.   Image by ESL Shipping

ESL Shipping Ltd. press release