ESL Shipping and SSAB set sights on fossil-free shipping in renewed agreement

Finnish shipping company ESL Shipping and Sweden’s steelmaker SSAB have extended their long-term agreement for sustainable sea transport of SSAB’s inbound raw materials across the Baltic Sea and from the North Sea.

As disclosed, the new contract also encompasses the transportation of SSAB’s fossil-free sponge iron, produced with HYBRIT technology, a steelmaking process developed by SSAB and compatriot firms LKAB, and Vattenfall, which replaces traditional coal typically used in blast furnaces to extract iron from ore by replacing it