New Times Shipbuilding Bags 12 LNG Dual-Fuel Containerships   


Singapore’s East Pacific Shipping (EPS) is spending more than $2.45 billion to order up to 12 LNG dual-fuel containerships at a cost of $204 million each.

Signed an order

EPS has signed an order for eight 18,000 TEU containerships with New Times Shipbuilding, with options for four more units. EPS CEO Cyril Ducau has confirmed this order. In addition, industry sources said that the order was placed by EPS under a charter with France’s CMA CGM.

It is worth mentioning that on July 3, SFL, a subsidiary of Norwegian ship king John Fredriksen, announced on its official website that it had confirmed an order for five LNG dual-fuel 16,800 TEU containerships.

These 16,800 TEU containerships will reportedly feature LNG dual-fuel propulsion systems with the latest features in fuel efficiency and cargo loading optimization. These five new ships will cost approximately $1 billion, with individual vessel prices of approximately $200 million, and will be delivered from 2028 onwards.

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Source: Imarinenews