EPS SIGNS LNG BOXSHIP CHARTER DEAL WITH CROWLEY

Sep 20, 2022 | Maritime business news

US shipping and logistics company Crowley has awarded Singapore-based Eastern Pacific Shipping (EPS) a contract for the charter of four newbuild containerships powered by LNG for Crowley’s US-Central America trade.

Using LNG significantly lowers vessel greenhouse gas emissions, such as SOx, CO2 and NOx while eliminating particulate matter compared with conventional diesel fuel. In addition, these vessels will be fitted with high-pressure ME-GI engines from MAN Energy Solutions, reducing methane slippage to negligible levels and making these vessels the most environmentally efficient in their category.

Each vessel, which will have capacity of 1,400 TEU, will feature 300 refrigerated unit plugs to reliably transport perishable cargo. Operating under a long-term time charter to Crowley, the ships will expand Crowley’s fleet and supply chain capabilities connecting US markets to Nicaragua, Honduras, Guatemala and El Salvador.

EPS CEO Cyril Ducau said:  “We are excited to develop our US market footprint through these long-term time charters with such a reputable partner. Like EPS, Crowley enjoys a rich history and diverse business portfolios, but more importantly, their organisation is driven by a vision to lead the industry’s decarbonisation efforts. Once delivered, these vessels will be IMO 2030 compliant five years ahead of schedule and will play an important role as the world and industry transition to cleaner energy sources.”

Crowley chairman and CEO Tom Crowley said: “These four ships will play a significant part in driving Crowley’s strategic growth in our supply chain services for the US, Central America and Caribbean. In addition, the vessels use of LNG and emissions technology will advance the company’s commitment to innovation and decarbonisation in the shipping industry as part of our sustainability strategy. As more companies diversify their supply chains using nearshoring and the resources of Central America, Crowley will enhance our end-to-end logistics services to be partners in their growth.”

The vessels will be built by Korea’s Hyundai Mipo Dockyard and are scheduled for delivery in 2025.

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