NTS launches LNG-powered bulker for EPS

December 13, 2023 Stu Turley LNG
LNG-powered

China’s New Times Shipbuilding has hosted a launching ceremony for one LNG-powered bulk carrier it is building for Eastern Pacific Shipping.

NTS floated out the 210,000-dwt LNG dual-fuel bulk carrier, Mount Gower, on December 9 for Idan Ofer’s EPS.

The Chinese yard is building in total eleven 210,000-dwt LNG dual-fuel bulk carriers for EPS.

This 299.95 meters long LNG-powered bulker is the tenth vessel in the batch, according to NTS.

Image: NTS

Last year, EPS took delivery of the 209,000-dwt Mount Tourmaline and the 209,000-dwt, Mount Nova Terra, the first and second LNG-powered Newcastlemax bulk carriers in its fleet.

China’s Shanghai Waigaoqiao Shipbuilding, a part of CSSC, built these two ships which serve Australian miner BHP under long-term charters.

New Times also delivered the 210,000-dwt LNG-powered bulk carrier, Mount Gaea, in November last year and this vessel serves BHP under a charter deal as well.

BHP has chartered in total five LNG-fueled Newcastlemax bulk carriers from EPS, while Rio Tinto took on charter up to six LNG dual-fuelled Newcastlemax vessels.

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About Stu Turley 3424 Articles
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.

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