Eurazeo Invests €22.5 million in Samskip’s Cutting-Edge Hydrogen-Powered Ships

Home Inexperienced Marine Eurazeo backs Samskip’s hydrogen-powered newbuilds with €22.5 million investment

December 13, 2023, by Jasmina Ovcina Mandra

Dutch logistics company Samskip Group has secured financing for its zero-emission short-sea container vessel thru a strategic partnership with Eurazeo and Ness, Risan & Companions (NRP).

Image by Naval Dynamics

The €22.5 million funding, portion of the Eurazeo Sustainable Maritime Infrastructure (ESMI) fund, marks the fifth transaction for the initiative.

The vessel, furthermore is known as the Samskip SeaShuttle, is currently below construction at Cochin shipyard in India, and is predicted to be delivered to Samskip in the second half of of 2025. As soon as delivered, this vessel will be one of many enviornment’s first and splendid vessels to be propelled with a hydrogen propulsion arrangement.

The Samskip SeaShuttle will be fueled by inexperienced hydrogen in the ports of Oslo and Rotterdam, progressively built-in in the vessel’s vitality mix from 2026 onwards to allow it to be totally carbon neutral from 2030. This can develop it one of many enviornment’s greenest vessels ever built, meeting all ESMI’s standards and exceeding the fund’s targets by plan of GHG emission reduction targets and credit risk profile as properly.

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“Being in a collection apart to reinforce an established player like Samskip, with a highlight on European intra-trade and logistics activities, constitutes a landmark transaction for our ESMI fund. It is some distance an unlimited different to be a portion of this kind of sustainable vessel project that’s expected to be carbon neutral by 2030, therefore contributing to the industry’s plot to be get zero GHG emissions by 2050,” Sylvain Makaya, Accomplice – Asset-primarily based totally, and Guillaume Branco, Funding Director – Asset-primarily based totally, said.

“With this landmark transaction, we’re reaching our plot to make investments almost about 50% of our first ESMI fund by 2023. We quiz the ramp-up portion to proceed all the plan thru 2024 so to prepare the second technology of this fund.”

The strategic partners on the ESMI fund included Elbe Monetary Solutions who acted as financial & maritime consultant, origination consultant NRP, Simonsen Vogt Wiig as moral consultant, and technical & ESG consultant Bureau Veritas Solutions Marine & Offshore.

“The must stride sustainability is paramount in as of late’s without warning changing world. Ready is barely no longer an risk. At Samskip, we feel an moral accountability to pioneer for sustainable solutions. Constructing vitality-efficient vessels that employ vastly much less vitality is severe to our future, as there may per chance be no longer any longer ample vitality on this planet to assemble renewable gasoline for all the pieces we assemble,” Kari-Pekka Laaksonen, Group CEO Samskip, said.

“Therefore, it is that if truth be told wide that we receive the strengthen of Eurazeo in financing the first Samskip SeaShuttle. We imagine we can very top be winning once we if truth be told collaborate. The strengthen of Eurazeo is an unlimited example of the roughly collaboration that’s mandatory to develop an efficient vitality transition.”

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