China Merchants Jinling shipyard has received an order from Singapore’s Eastern Pacific Shipping (EPS) for the construction of six dual-fuel car carriers.
The order covers four 70,000 tonne-class car carriers, along with an option for two more liquefied natural gas (LNG)-powered pure car and truck carriers (PCTCs).
The deal’s details and the slated delivery dates for the new vessels have not been revealed by the firms.
However, according to some market reports, the value of the contract stands at around $522m, reported Offshore Energy.
With a length of 199.9m and width of 38m, each vessel will have the capacity to carry nearly 7,050 units.
The vessels will feature LNG fuel and environmentally friendly technologies.
As a result, they will emit 99% lower sulphur oxide (SOx) emissions and 30% less CO₂ emissions as against vessels operating on fuel oil.
As part of its Environmental, Social and Governance (ESG) policy, EPS has been focusing on LNG by ordering dual-fuel ships over the recent period.
Under its decarbonisation strategy, the company is also planning to deploy liquefied petroleum gas (LPG), ethane, biofuels, methanol and ammonia.
In February, China Merchants Jinling Shipyard and NYK concluded a shipbuilding contract for four LNG-fueled PCTCs.
Set to be delivered between 2022 and 2023, these vessels are planned to be assigned to mainly transport vehicles to/from Europe and/or to the Middle East.
The completion of this contract is in line with NYK’s plan to replace existing vessels with around 40 newly built LNG-fueled PCTCs over the next ten years.
In May, EPS signed a charter agreement with mining company Rio Tinto for three LNG dual-fuel Newcastlemax bulk carriers. The agreement included an option for an additional three carriers.