Eastern Pacific seals 18,000 teu newbuild series

Eastern Pacific Shipping Orders Up to 12 New LNG Dual-Fuel Containerships

Singapore-based Eastern Pacific Shipping (EPS) has signed a significant deal with China’s New Times Shipbuilding for up to 12 new LNG dual-fuel containerships. This move further strengthens EPS’s position as a leading shipowner with one of the largest newbuilding programs.

The contract includes eight firm 18,000 twenty-foot equivalent unit (TEU) vessels, with options for four additional ships. Industry sources estimate each vessel to cost over $200 million, though exact delivery dates have not been disclosed. These new ships are rumored to be backed by charter deals with French shipping giant CMA CGM.

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This deal follows closely on the heels of John Fredriksen’s SFL Corporation’s order for five 16,800 TEU containerships at the same shipyard, each priced around $200 million and set for delivery in 2028.

Eastern Pacific Shipping’s commitment to these new LNG dual-fuel ships highlights the industry’s shift towards more environmentally friendly fuel options, aiming to reduce carbon emissions and comply with stringent global regulations.

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