EPS takes delivery of first LNG-powered Suezmax tanker from GSI

Idan Ofer’s Eastern Pacific Shipping has taken delivery of the first out of two LNG-powered Suezmax tankers from China’s Guangzhou Shipyard International (GSI).

GSI claims the 158,000-dwt Greenway is the world’s first LNG dual-fuel Suezmax oil tanker.

The CSSC-controlled shipbuilder floated out this vessel on December 31, followed by its sister vessel Starway on March 22.

EPS takes delivery of first LNG-powered Suezmax tanker from GSI
During the launching ceremony in December (Image: GSI)

Classed by ABS, the vessels are about 274 meters long and 48 meters wide, and feature MAN ME-GI engines and two type C LNG tanks.

EPS placed this order at GSI in December 2019 for about $72 million per ship, according to VesselsValue.

The shipping firm is building a huge fleet of LNG-powered vessels, including bulk carriers, tankers, pure car and truck carriers, and containerships.

EPS also owns LNG carriers and has the biggest stake in new LNG shipping firm CoolCo.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

Eastern Pacific Shipping wraps up 450th LNG bunkering op

Singapore’s Eastern Pacific Shipping has completed its 450th ship-to-ship LNG bunkering operation as the company’s fleet of LNG-powered vessels continues to expand.

CoolCo always looking at acquisitions, CFO says

LNG carrier owner CoolCo is always on the lookout for potential acquisitions, according to CFO John Boots.

CoolCo expects LNG carrier charter rates to strenghten

LNG carrier operator Cool Company (CoolCo) expects that LNG carrier charter rates will strengthen as several large projects come online and ramp up production volumes. The shipping firm noted that chartering activity during the second quarter remained subdued.

China’s Hengli wins orders for LNG-powered vessels

China’s Hengli Heavy Industry, a part of Hengli Group, has secured orders for LNG dual-fuel containerships and tankers.