- The transaction is the fifth for the Eurazeo Sustainable Maritime Infrastructure fund
- The investment consists in the financing of a zero-emission short sea container vessel
- The Samskip SeaShuttle will be fueled by green hydrogen
Eurazeo, through its asset-based finance strategy, has announced a €22.5 million investment consisting the financing of a zero-emission short sea container vessel.
The vessel, nicknamed Samskip SeaShuttle, is being launched by the Samskip Group. Based in Rotterdam, Samskip is a logistics company offering transport and services by land, sea, rail and air.
Once delivered, the vessel will be one of the world’s first and largest vessels to be powered with a hydrogen propulsion system, according to a press release. The Samskip SeaShuttle will be fuelled by green hydrogen in the ports of Oslo and Rotterdam. The Samskip SeaShuttle is currently under construction at Cochin shipyard in India.
The transaction is the fifth for the Eurazeo Sustainable Maritime Infrastructure fund.
“Being able to support an established player like Samskip, with a focus on European intra-trade and logistics activities, constitutes a landmark transaction for our ESMI fund,” said Sylvain Makaya, partner, and Guillaume Branco, investment director, asset-based finance at Eurazeo. “It is a great opportunity to be a part of such a sustainable vessel project that is expected to be carbon neutral by 2030, hence contributing to the industry’s target to be net zero GHG emissions by 2050.”
Eurazeo is a European investment group with €33.5 billion in diversified assets under management. The firm is based in Paris.