Idan Ofer’s Eastern Pacific Shipping (EPS) has placed orders for three medium-size dual-fuel LPG carriers at Hyundai Mipo Dockyard.
The vessels, set for delivery in 2022, have been committed on long-term time charters to Norway’s Equinor.
“The deal is in line with EPS’ Environmental, Social & Governance Policy, which calls for the use of alternative marine fuels as a means to lower the industry’s carbon footprint,” the company said on its website today. EPS made a major step forward on the environment front in February by publishing its 2019 CO2 emissions report online.
EPS currently has a fleet of 11 gas carriers, eight of which are in the medium-size segment. The company tends to operate within the spot market, so the Equinor charters indicate a strategic shift for the Singapore-based shipowner which currently has a fleet of around 120 vessels on the water.