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Eastern Pacific Shipping inks deal with BHP for world’s first LNG dual fuel dry bulk vessels

09 Sep 2020

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

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