AtoB@C Shipping's parent company ESL Shipping has published its 2024 Sustainability Report. The year was marked by many highlights, including the highest Platinum rating from the Ecovadis sustainability assessment. This prestigious recognition underscores our commitment to sustainable practices and excellence in environmental, social, and governance (ESG) criteria.
Additionally, we recorded zero lost time injuries, and our total recordable injury frequency developed positively, reflecting our dedication to maintaining a safe and healthy work environment.
We also made significant strides in our sustainability initiatives by preparing for Science Based Targets validation. Furthermore, we established a comprehensive Greenhouse Gas (GHG) inventory, which will serve as a critical tool in tracking and managing our emissions. This inventory allows us to identify key areas for improvement and implement strategies to reduce our carbon footprint.
“These accomplishments are a testament to the hard work and dedication of our team. As we move forward, we remain committed to advancing our sustainability goals, fostering a culture of safety, and upholding our responsibility to the environment and the communities we serve”, says Mikki Koskinen, Managing Director of ESL Shipping.
Financial results
In 2024, ESL Shipping’s net sales increased by 9% to EUR 206.2 (189.0) million. Net sales include proceeds of EUR 25.3 million from the sale of Stellamar and Aquamar to the company established by the pool investors, positively impacting net sales growth for the coaster segment. The combined net sales of the handy and coaster operations, excluding vessel sales, increased by 1% compared to the previous year. Sales were negatively impacted by the lower marine diesel fuel prices.
Comparable EBITA for the period decreased by 8% to EUR 16.9 (18.4) million, resulting from the poor first quarter caused by the strikes and exceptionally severe winter conditions and a softer than expected fourth quarter.
In 2024, ESL Shipping carried 12.3 (11.9, excluding the supramax vessels) million tons of cargo of which only 2.8% was energy coal. Carried cargo volumes and profit were negatively affected by the repeated waves of political strikes and by the exceptionally severe winter conditions in the Bay of Bothnia between January-April, and the overall softer than expected demand in the fourth quarter.
You can access the latest report by clicking the link below:
For more information, please contact:
Mikki Koskinen
Managing Director, ESL Shipping Ltd
Chairman of the Board, AtoB@C Shipping AB
mob. +358 50 351 7791, firstname.lastname@eslshipping.com
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 75 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.
AtoB@C Shipping is an innovative shortsea operator transporting bulk and breakbulk cargoes for industrial clients. Our success is based on operational excellence and long-term client contracts which form the backbone of our operations. We operate a fleet of modern, well-maintained, multipurpose vessels in 4,000-6,000 dwt segments. Our whole fleet is ice-classed ensuring our ability to secure product and raw material transportation for our industrial clients all year round, even in difficult weather conditions. AtoB@C Shipping was founded in 2000 and has been part of ESL Shipping since 2018. Together the group has over 40 vessels with cargo capacity ranging from 4,000 to 25,000 dwt.