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Viasea Shipping plans to build hydrogen-powered container ships

Enova is providing $15.5 MM to Viasea Shipping for the acquisition of two H2-powered container ships. Once completed, these ships will be deployed in Viasea's existing routes between Norway and the Northern Europe. Viasea aims to take the lead and inspire the maritime industry to invest in emission-free vessels. This vessel concept is designed for exceptionally lower energy consumption, combining new, emission-free technologies such as green H2 and rotor sails for the direct utilization of nature's own renewable energy.

H2 refueling is initially planned in Norway. As H2 becomes available elsewhere along the planned route, the ships will be able to operate entirely without diesel. At the startup the combination of H2 and diesel operation will result in over a 75% reduction in CO2 emissions compared to an equivalent diesel-powered vessel. With 100% H2 operation, the ship will be emission-free.

For Viasea Shipping, offering greener freight alternatives to the market is crucial. Since the founding of the company in 2016, the vision has been to provide the best sea freight option compared to road freight, considering environmental impact, time, and cost. The latest strategy places even more emphasis on the environmental and sustainability aspects of sea freight, with plans to build two new ships supported by Enova funds.

"We believe that advanced green H2 technology will revolutionize maritime transport in Europe, resulting in zero emissions. Since the founding of Viasea Shipping seven years ago, the goal has been to deliver more sustainable transport to the market. First as a greener alternative to road transport, and now with a focus on zero-emission maritime transport in Europe. This is our first step," said Morten Pettersen, Managing Director Viasea Shipping.

"Viasea's commitment to building these advanced ships demonstrates that logistics companies can be pioneers for a sustainable future. Through our investments in innovative technology, we are not only leading in the transport industry but also setting a bold example of how logistics can offer customers innovative and sustainable solutions, forming the basis for a sustainable future," said Rohit Sharma, Sustainable Advisor, Viasea Shipping, ColliCare Group.