EPS orders more LNG-powered PCTCs in China

China

Singapore’s Eastern Pacific Shipping has ordered more LNG dual-fuel pure car and truck carriers in China.

According to a statement by Fujian Mawei Shipbuilding issued earlier this month, the shipbuilder and XSI, both part of Fujian Shipbuilding Industry Group, signed a contract with EPS for the construction of PCTCs and MR product tankers.

Under the deal, the shipbuilder will build four LNG dual-fuel PCTCs with a capacity of 5,500 ceu and the contract also includes four optional vessels.

Fujian Mawei did not provide the price tag or the delivery dates of the ships.

They will be 190 meters long and 35.6 meters wide and will have a maximum draught of 9.5 meters.

The SDARI-designed PCTCs will have 11 decks.

Besides this order, EPS has reportedly ordered two more LNG-powered PCTCs from China Merchants Jinling Shipyard in Nanjing.

These vessels will also have a capacity of 5,500 ceu and the contract includes two optional ships.

According to data by VesselsValue, EPS is expected to take delivery of these six LNG-powered PCTCs in 2026 and to pay $80 million for each ship.

Earlier this year, EPS ordered two more LNG-fueled PCTCs at CMJL (Nanjing).

The shipbuilder revealed the new order for two 7,000-ceu LNG dual-fuel PCTCs in a statement, saying that the yard has 12 EPS PCTCs on order in total.

Besides CMJL (Nanjing), EPS has more LNG dual-fuel PCTCs with a capacity of 7,000 ceu on order in China.

China Merchants Jinling Shipyard in Weihai is building six LNG-powered PCTCs for EPS.

In December, CMJL (Weihai) delivered the first LNG dual-fuel PCTC, CMA CGM Indianapolis, to EPS.

This is also the first of four vessels CMA CGM’s unit CEVA Logistics will use as part of a charter deal.

EPS recently completed its 200th ship-to-ship LNG bunkering operation, as the company’s fleet of LNG-fueled vessels continues to expand.

The firm has a large fleet of LNG-powered vessels, including containerships, tankers, bulkers, and PCTCs.

Source: Lngprime.com

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.