This insightful article by TradeWinds aptly sheds light on Eastern Pacific Shipping Pte. Ltd. as it takes center stage for its #pioneering role in green shipping investments which is a pivotal moment for the Maritime industry
The $2.6 billion investment in green initiatives sends a clear message that the future of maritime transportation is rooted in #sustainability and #decarbonization which started from 2018, EPS inked one of the world’s first orders for a dual-fuel LNG container ship, CEO Cyril Ducau wrote in the company’s 2024 #ESG report.
“Since then, we have significantly expanded our fleet, crossing the 250-vessel and 26m dwt mark, including an unrivalled orderbook of over 80 vessels, around 70% of which will be able to operate on alternative fuels,” he wrote.
Ducau said Eastern Pacific has invested $2.6bn across 15 green projects since 2018 which span #dualfuel vessels, #carboncapture, #biofuels, #voyageoptimisation and #windpropulsion technology.
EPS was already ahead of its 2025 emissions reduction targets after recording an AER of 3.6 CO2g/dwt-mile last year.
“Over the past 6 years, while most talked and took a wait-and-see approach, we acted, improved the efficiency of our legacy fleet, selected and tested many emission-reduction solutions and invested into alternative fuels for our new tonnage,” he said.
Overall, 45% of Eastern Pacific’s fleet is powered by alternative fuels, the report said.
Among that number, the shipowner said it was the first to develop a dedicated #VLACs with dual-fuel engines and it now has eight such vessels on order.
It also has 14 ammonia dual-fuel newcastlemax bulkers under construction, which will be the first one in the world to be fitted with an ammonia dual-fuel engine.
Eastern Pacific is also taking delivery of a series of 18 LNG duel fuel #carcarriers, with the first three now handed over.
In addition, the company has a fleet of 23 LNG duel-fuel, 15,000-teu #container vessels on the water.
Eastern Pacific Shipping Pte. Ltd. is also optimistic about the growth of #hydrogeneconomy.
“Our series of NH3 DF vessel orders in 2023 marked a significant milestone,” he said.
“These orders include the largest ammonia carriers ever constructed, a move set to substantially increase the availability and affordability of ammonia transportation and serve as a catalyst in establishing ammonia as a globally viable alternative fuel” CEO said.
As the world increasingly demands #environmentally responsible practices from businesses amidst urgent need to reduce emissions and mitigate the adverse effects of climate change,Eastern Pacific Shipping Pte. Ltd. #commitment to investing in green solutions serves as a testament to its #visionary and #boldleadership in the #shippingindustry and #Planet 🌏! #climateaction
For more insights pls refer to the link :
