ASPO AND SSAB EMEA AB MAKE A LONG-TERM AGREEMENT FOR MARINE TRANSPORT

ASPO AND SSAB EMEA AB MAKE A LONG-TERM AGREEMENT FOR MARINE TRANSPORT

ID: 93119

(Thomson Reuters ONE) -


ASPO Plc   STOCK EXCHANGE RELEASE  December 1, 2011 at 15.15

ESL Shipping Ltd, part of Aspo Group, has made a new agreement with the Swedish-
based SSAB EMEA AB (SSAB) for the marine transport of ingredients on the Baltic
Sea. The agreement is valid until the end of March 2014. Both parties will be
able to plan and develop their operations through the long-term partnership and
commitment. In its steel production, SSAB annually consumes approximately two
million tons of pellets, loaded from the port of Luleå.

"Extending the long-term cooperation is a prime example of the reliability with
which we have also been capable of taking care of shipping in difficult winter
conditions. Our fleet, which is being renewed, is particularly designed for
taking care of this kind of transport," says Markus Karjalainen, President of
ESL Shipping.

ESL Shipping transports dry bulk materials, mainly in the Baltic Sea region. In
2010, it handled approximately 13 million tons. The steel industry's share of
transports was 70 percent, and the energy industry represented 25 percent. The
shipping company's fleet consists of 16 vessels, 12 of which it owns in full.
Three are time-chartered and one is partially owned. The total dead weight
capasity of the fleet is approximately 210,000 tons. Two supramax vessels have
been ordered from Korea, and they will start sailing in the first half of 2012.

ASPO Plc

Aki Ojanen
CEO

For more information:
Tom Blomberg, Executive Vice President, ESL Shipping Ltd, phone
+358 9 5211, +358 40 848 8030 ortom.blomberg(at)eslshipping.com

DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.aspo.fi

Aspo is a conglomerate that owns and develops business operations in northern
Europe and growth markets, focusing on demanding B-to-B customers. Our strong
company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be




the market leaders in their sectors. They are responsible for their own
operations, and building and developing their own customer relationships.
Together they generate Aspo's goodwill. Aspo's Group structure and business
operations are continually developed without any predefined schedule.









This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Aspo Oyj via Thomson Reuters ONE

[HUG#1568166]


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Bereitgestellt von Benutzer: hugin
Datum: 01.12.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 93119
Anzahl Zeichen: 2998

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