Royal Bodewes has entered into a contract with Norwegian ship owner Hagland Shipping for the construction of two self-discharging bulk carriers of 5000 DWT. The optimised vessels with a plug-in battery hybrid solution that comply with IMO Tier III requirements will replace older ones with traditional propulsion systems.
Hagland and Bodewes aim to achieve greener shortsea shipping through reduced local and global greenhouse gases and reduced noise. Compared to Hagland’s existing fleet, the vessels are expected to reduce CO2 emission by more than thirty per cent and NOx emissions by ninety to 95 per cent from delivery. The vessels will also be prepared for zero-emission.
ENOVA funding
The vessels are scheduled to be delivered during Q1 and Q2 in 2023 and will sail under the NIS flag (Norwegian International Ship registry). The total investment will be about NOK 280 million (about EUR 27.7 million). Hagland Shipping has also secured options for two additional vessels to be built by Royal Bodewes.
The newbuilding contracts have been entered into on the basis of substantial support from ENOVA, which has been instrumental for the realisation of the project. ENOVA contributes with about NOK 26.8 million (about EUR 2.65 million) for the first two vessels. In addition, financing will consist of a combination of equity and bank loan, and the company has also received an offer for long term financing from Innovation Norway.
According to Hagland, the investment in these new builds is a major step forward for the company and its transition to low and zero emission vessels. The new vessels represent the start of a renewal of the fleet that is also necessary in order to reach the ambitious climate goals set by the shipping industry.
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