What Changed

ESL Shipping has signed a contract with Stegra, a company that is building its first large-scale production facility for green hydrogen, green iron and green steel in Boden, Northern Sweden.

Stegra, founded in 2020 and renamed in 2024, is headquartered in Stockholm, and is also building a steel plant in Boden, Northern Sweden.

Highlights

  • ESL Shipping has signed a contract with Stegra.
  • Stegra is building its first large-scale production facility for green hydrogen, green iron and green steel in Boden, Northern Sweden.
  • Stegra's logistics director Jenny Marin said sea transport is a key part of the company's logistics network.
  • ESL Shipping's CEO Mikki Koskinen said the long-term agreement with Stegra is an important achievement for the company.
  • Aspo, founded in 1929, employs about 650 people in 18 countries and is listed on Nasdaq Helsinki.

Who Is Affected

ESL Shipping is one of the business units of Aspo, alongside Telko, a Finnish company founded in 1929 that employs about 650 people across 18 countries and trades on Nasdaq Helsinki.

“Sea transport is a key part of our logistics network, and choosing the right partners is critical to the success of our operations.”

Jenny Marin, Stegra's logistics director

“A long-term contract with Stegra is an important achievement for ESL Shipping.”

Mikki Koskinen, ESL Shipping's CEO

What To Watch Next

The Green Handy vessels that will service this route use a dual-fuel technology powered by methanol.

For readers who want more detail on the arrangement, ESL Shipping's Mikki Koskinen can be reached at 050 351 7791.