Image credit: New Times Shipbuilding.

Singapore's East Pacific Shipping (EPS) has committed over $2.45 billion to order up to 12 LNG dual-fuel containerships, each costing $204 million. EPS has confirmed an order for eight 18,000 TEU containerships with New Times Shipbuilding, with options for four additional units. EPS CEO Cyril Ducau verified the order, which is reportedly under a charter agreement with France’s CMA CGM.

In recent developments, EPS has also confirmed multiple orders at Chinese shipyards. These include four 111,000 dwt LNG dual-fuel product tankers from Guangzhou Shipbuilding International (GSI), as well as agreements for MR product tankers and dual-fuel Pure Car and Truck Carriers (PCTCs) from Mawei Shipbuilding, Southeast Shipbuilding, Xiamen Shipbuilding Heavy Industry, and China Merchants Jinling Shipyard (Nanjing). Additionally, EPS secured an order for a 114,000 dwt product tanker/crude oil tanker from Shanghai Waigaoqiao Shipbuilding (SWS).The investments underscore EPS’s strategic focus on sustainable shipping solutions amid growing global demand for environmentally friendly maritime transport.