Aspo’s esl shipping sells newbuilding to seb leasing

ESL Shipping Oy, a subsidiary of Aspo Plc, has signed an agreement with SEB
Leasing Oy concerning one of the two vessels currently being built by ABG
Shipyard Ltd in India. Under the agreement, ESL Shipping will assume
responsibility for the supervision of the building works on behalf of SEB
Leasing. At the same time, the company and SEB Leasing entered into a bareboat
charter agreement under which ESL Shipping will lease the vessel for ten years.
The agreement is worth about EUR 25 million.