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Eastern Pacific Shipping orders six 14,812-TEUers for US$823 million

SINGAPORE's Eastern Pacific Shipping (EPS) has ordered six 14,812-TEU ships from South Korea's Hyundai Heavy Industries (HHI) valued at US$823 million, reports London's Riviera Maritime Media

24 January 2021 - 19:00
SINGAPORE's Eastern Pacific Shipping (EPS) has ordered six 14,812-TEU ships from South Korea's Hyundai Heavy Industries (HHI) valued at US$823 million, reports London's Riviera Maritime Media.

Each ship will have liquefied natural gas (LNG) duel-fuel propulsion and reefer slots. The order originally began in September 2019 for six 12,000-TEU ships from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME).



The ships are expected to be delivered between August 2022 to early 2023. Each ship is valued at $137.16 million.



The orders continue to build EPS' LNG-fueled global fleet as 10 per cent of the total global order book is composed of newbuilds that are powered by alternative fuels.



There are currently 14 LNG dual-fuel containerships in operation and 39 on order or under construction.



DSME previously purchased six 23,500-TEU dual-fuel LNG-powered ultra-large containership (ULCS) vessels through a $1 billion shipbuilding contract.



Hapag-Lloyd intends to use the new ULCSs on Europe-Asia routes as part of The Alliance, including liner companies Japan's Ocean Network Express, Taiwan's Yang Ming, and South Korea's Hyundai Merchant Marine.


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