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Sat, Aug

EPS taps Chinese yard for 12+6 LNG dual-fuel boxships, with CMA CGM charter deal

EPS taps Chinese yard for 12+6 LNG dual-fuel boxships, with CMA CGM charter deal

Shipbuilding

China’s Fujian Mawei Shipbuildinghas clinched an order for a dozen eco-friendly 1,800 TEU container vessels from Singapore-based shipowner Eastern Pacific Shipping (EPS), with an option for an additional six units.

Illustration. Courtesy of Navingo

According to Greek shipbroker Intermodal, Fujian Mawei is set to construct at least twelve dual-fuel units for EPS, all powered by liquefied natural gas (LNG). The contract is reportedly estimated at $37.5 million per newbuild. Should the option for the additional sextet be exercised, this would bring the total package to around $675 million.

As informed, once built and ready for service, all of the series’ boxships are to be chartered by French maritime transport heavyweight CMA CGM, which has previously entered into charter agreements with Eastern Pacific Shipping.

The handover dates for the newbuildings have not been disclosed yet.

Eastern

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