Singapore-headquartered Eastern Pacific Shipping (EPS) and Equinor have agreed on a time charter for three newbuild LPG dual-fuel propulsion gas carriers that are slated for delivery in 2022 from South Korean shipbuilder Hyundai Mipo Dockyard.
EPS says that the deal is in line with its Environmental, Social & Governance Policy, which calls for the use of alternative marine fuels as a means to lower the industry’s carbon footprint.
“These state-of-the-art vessels will pave the way towards decarbonisation by emitting significantly lower greenhouse gases and will be IMO compliant years ahead of schedule,” says the company. The construction and management of these vessels firmly place EPS and Equinor at the forefront of the shipping industry’s agenda to preserve the environment for future generations.
The deal strengthens EPS’s position in the niche medium-size LPG segment by adding to its existing fleet of 11 gas carriers, which include three LPG tankers acquired from Neu in September 2019 and the delivery of two medium gas carriers from Hyundai Mipo Dockyard earlier this year.