Swedish specialty steel producer SSAB has announced that it has signed a long-term agreement for raw material sea transport within the Baltic Sea and from the North Sea to reduce CO2 emissions with Finland-based Aspo Group’s ESL Shipping Ltd. The purpose of the agreement is to secure deliveries of raw materials, enable mutual, long-term gains in efficiency and to reduce overall logistics costs. This will simultaneously make raw material logistics as sustainable and environmentally aware as possible. The estimated transport volume is 6-7 million mt annually.
The new combined sea freight agreement will result in a reduction of more than 50 percent in CO2 emissions per metric ton of cargo transported compared to present vessels. Besides these environmental benefits, the cost savings provided by new technology will also allow better profitability.