april 9, 2022

Hagland orders environmental friendly newbuilds

Press release: Hagland Shipping orders environmental friendly newbuilds at Royal Bodewes.Royal Bodewes has entered into a contract with Norwegian ship owner Hagland Shipping for the construction of two self-discharging bulk carriers of 5,000 DWT. This contract emphasizes zero emissions at harbor and substantial reduction of emissions during sailing. Hagland and Bodewes aim to achieve greener short sea shipping through reduced local and global greenhouse gases and reduced noise. The vessels will replace older vessels with traditional propulsion systems by a modern, optimized vessel with plug-in battery hybrid solution that satisfies IMO TIER III requirements. Compared to Hagland’s existing fleet, the vessels are expected to reduce CO2 emission by more than 30% and NOx emissions by 90-95% from delivery. The vessels will also be prepared for zero-emission. The vessels are scheduled to be delivered during Q1 and Q2 in 2023 and sail under NIS flag (Norwegian International Ship registry). The total investment will be about NOK 280 million. Hagland Shipping has also secured options for 2 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 realization of the project. ENOVA contributes with about NOK 26.8 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.