Haugesund, Norway, headquartered Hagland Shipping has ordered two 5,000 dwt self-discharging bulkers at the Royal Bodewes shipyard in the Netherlands.
They will feature a plug-in battery hybrid power solution meeting IMO Tier III requirements and will be prepared for future zero-emissions operation. The contract includes options for two further vessels.
The total investment for the initial two ships will be about NOK 280 million (about $33 million) with NOK 26.8 million (about $3.1 million) being provided by Norwegian government agency ENOVA. Financing will consist of a combination of equity and bank loans, and Hagland has also received an offer for long term financing from another government agency, Innovation Norway.
The vessels will replace older vessels with traditional propulsion systems and, compared to Hagland’s existing fleet, are expected to reduce CO2 emission by more than 30% and NOx emissions by 90-95% from delivery, expected in the first half of 2023. They will fly the Norwegian International Ship Registry (NIS) flag.
Hagland Shipping is currently retrofitting its existing vessel Hagland Captain to become the worlds first battery hybrid vessel in its market segment. The new vessels build on the experience from that project, and will once delivered be engaged in the company’s regular trading area, while also strengthening Hagland Shipping’s position in the self-unloader segment.