EPS enters new sub-segment while remaining focused on sustainability

Nov 05 2020


Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical (STL).

The vessels will be carrying ethane from the US Gulf Coast to Shenzhen-listed STL’s plant in Lianyungang, China. All four VLECs will feature dual fuel ethane propulsion which will reduce greenhouse gas emissions when compared to conventional marine fuels.

 

EPS CEO Cyril Ducau said, “We are extremely pleased to partner with STL and enter the ethane carrier segment. Both companies share a vision of being the green and technology-driven leaders in our respective industries. This made the negotiations and subsequent agreement an enjoyable and seamless process. For EPS, the addition of these four vessels complement our existing, and growing, mid and large gas carrier fleet. This deal also serves as an example of our commitment to using alternative marine fuels as transitional fuels towards decarbonisation and the preservation of the environment for future generations. This 15-year charter is a major milestone for us that will strengthen our foundation as we grow and diversify our fleet.”

 

The VLECs will be built at South Korea’s Hyundai Heavy Industries and Samsung Heavy Industries and are scheduled for delivery in the first half of 2022.  

 



Related News

i4 Insight integrates GreenSteam’s performance optimization solution onto its platform

(Nov 12 2020)

i4 Insight, creators of a platform that provides a single point of access for multiple data streams and applications, providing a holistic view of ship and fleet operations, is partnering with GreenSteam, a leader in vessel-based machine learning for...



Proman Stena Bulk to promote a greener shipping future with additional methanol-ready vessel

(Nov 12 2020)

Proman Stena Bulk Ltd has finalized an agreement to build an additional vessel under its joint venture partnership.



Anemoi Marine Technologies to collaborate with Wärtsilä in future sales of Rotor Sail solutions

(Nov 05 2020)

The technology group Wärtsilä has signed a Memorandum of Understanding (MoU) tied to a License and Cooperation agreement with UK-based Anemoi Marine Technologies for the future sales and servicing of Rotor Sail solutions to the shipping industry. ...



Marine biofuel testing set to begin at the Alfa Laval Test & Training Centre

(Nov 05 2020)

As the marine industry races to slash greenhouse gas emissions by 2050, the Alfa Laval Test & Training Centre is taking a key role.



Yemen warns of leaks from oil tanker seized by Houthis

(Nov 05 2020)

The Yemeni government has warned of possible leaks or even explosions from the oil tanker abandoned off the port of Hudaydah which has been seized by Houthi militias, Anadolu has reported.



October 2020

Seafarer morale and safety - Neste and vessel performance - Maersk''s ZeroNorth