Energy News Beat
Singapore-based Eastern Pacific Shipping (EPS) and SPDB Financial Leasing, the leasing arm of Shanghai Pudong Development Bank, have signed a financing agreement for two newbuild LNG dual-fuel neopanamax containerships.
The agreement strengthens the longstanding collaboration between the two companies. Looking ahead, the two firms will look to develop more green, energy-efficient, and environmentally friendly vessels.
The two newbuilds are currently under construction at Jiangsu New Times Shipbuilding. Each vessel is 366 m long, 56 m wide, and has a structural draft of 30.2 m.
The ships, powered by LNG dual-fuel propulsion, comply with IMO Tier III emission standards. According to EPS, the vessels also feature exceptional energy efficiency.
Eastern Pacific has 12 newbuilds on order at New Times Shipbuilding. The company booked four 18,000 teu vessels in September 2024. They are likely options called following eight firm vessels booked earlier in the year. The Idan Ofer-controlled shipowner, with a fleet of over 300 vessels, expects deliveries to occur in 2027 and 2028.
In addition to the 18,000 teu series, EPS has lined up seven 8,400 teu newbuilds at the same yard.
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