Singapore-based ship management company Eastern Pacific Shipping (EPS) on Thursday (3 September) said it has been awarded a contract to manage the world’s first liquified natural gas (LNG) Dual Fuel Newcastlemax bulk carrier.
The five vessels owned by BHP, which will be carrying iron ore between Western Australia and China, are scheduled to be delivered throughout 2022, it said.
The fleet of 209,000 dwt vessels will be powered by LNG and they will be fitted with high-pressure MEGI engines which reduces methane slippage to negligible levels.
EPS CEO Cyril Ducau states, “We are thrilled to partner with BHP, one of the world’s largest dry bulk charterers on this landmark deal. When discussions began, it became evident that our values and sustainability agendas were aligned,” said Cyril Ducau, EPS CEO.
“When these vessels deliver in 2022, they will be the cleanest and the most efficient in the entire dry bulk shipping fleet and will be IMO 2030 compliant eight years ahead of schedule.”
“As an established provider of marine transportation to the energy market for 60 years, EPS shares BHP’s commitment to lowering emissions in the maritime supply chain and we look forward to working with them to align with the GHG goals of the International Maritime Organisation,” added Vandita Pant, BHP Chief Commercial Officer.
Photo credit: EPS Shipping
Published: 9 September, 2020
The 416-ft. vessel, which will have the capacity for 12,000 m3 of LNG, will be operated by Crowley under a long-term charter with Shell NA LNG, LLC.
“M/T Amore Mio”, built by Hyundai Samho Heavy Industries, is the first of two ammonia and LNG fuel ready sister ships to be delivered in 2022, said the firm.
Current levies of LNG material imported to South Korea tagged at KRW 24,242 per metric tonne will be effectively zero from 1 January 2021 onwards.
Vessel will be chartered to ENI Trade & Biofuels, a subsidiary of Ente Nazionale Idrocarburi, and will be engaged in oil transportation in the North Sea and Barents Sea.
New LNG distribution license was obtained on 17 February, 2021 and will allow Gasum to deliver to expand its outreach to maritime customers in France.
The El Coqui received around 410,000 gallons of LNG from 41 trailers in April at shipyard in multi-day operation.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
