Eastern Pacific bolsters its ethane carrier orderbook

Singapore-based Eastern Pacific Shipping has been revealed as the owner behind orders last week for a pair of ethane carriers.

Splash reported last week Hyundai Heavy Industries had won a $219m contract to build two very large ethane carriers for delivery in early 2023. HHI did not disclose the name of the owner, but Splash has confirmed it is Idan Ofer’s Eastern Pacific.

Eastern Pacific entered the ethane trades last October, securing 15-year time-charters from China’s Zhejiang Satellite Petroleum (STL) for four VLECs due to deliver next year to carry ethane from the US Gulf Coast to STL’s plant in Lianyungang.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button