Crowley and Eastern Pacific Shipping Partner with Long-term Charters for Four LNG-Fueled Containership Newbuilds

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The newest era 1,400-TEU quartet displays each organizations’ dedication to the business’s clear vitality transition

JACKSONVILLE, Fla., Sept. 19, 2022 /PRNewswire/ — U.S. delivery and logistics firm Crowley has awarded Singapore-based Eastern Pacific Shipping (EPS) a contract for the constitution of 4 newbuild containerships powered by liquified pure fuel (LNG) for Crowley’s U.S.-Central America commerce.

Representatives from Crowley, Eastern Pacific Shipping and Hyundai Mipo Dockyard at the charter agreement signing.

Using LNG considerably lowers vessel greenhouse fuel emissions, comparable to sulfur oxide, carbon dioxide and nitrogen oxide whereas eliminating particulate matter in contrast with standard diesel gasoline. In addition, these vessels will probably be fitted with high-pressure ME-GI engines from MAN Energy Solutions, lowering methane slippage to negligible ranges and making these vessels probably the most environmentally environment friendly of their class.

Each vessel, which may have capability for 1,400 TEUs (20-foot container equal items), will characteristic 300 refrigerated unit plugs to reliably transport perishable cargo. Operating below a long-term time constitution to Crowley, the ships will develop Crowley’s fleet and provide chain capabilities connecting U.S. markets to Nicaragua, Honduras, Guatemala and El Salvador.

 “We are excited to develop our U.S. market footprint through these long-term time charters with such a reputable partner,” mentioned EPS CEO Cyril Ducau. “Like EPS, Crowley enjoys a rich history and diverse business portfolios, but more importantly, their organization is driven by a vision to lead the industry’s decarbonization 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.”

“These four ships will play a significant part in driving Crowley’s strategic growth in our supply chain services for the U.S., Central America and Caribbean. In addition, the vessels use of LNG and emissions expertise will advance the corporate’s dedication to innovation and decarbonization within the delivery business as a part of our sustainability strategy,” mentioned Tom Crowley, firm chairman and CEO. “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 probably be constructed by Korea’s Hyundai Mipo Dockyard and are slated for supply in 2025.

About Crowley

Crowley is a privately held, U.S.-owned and -operated maritime, vitality and logistics options firm serving industrial and authorities sectors with greater than $2.9 billion in annual revenues, over 170 vessels largely within the Jones Act fleet and roughly 7,000 workers all over the world – using extra U.S. mariners than some other firm. The Crowley enterprise has invested greater than $3 billion in maritime transport, which is the spine of world commerce and the worldwide economy. As a worldwide ship owner-operator and companies supplier with greater than 130 years of innovation and a dedication to sustainability, the corporate serves prospects in 36 nations and island territories by way of 5 business items: Crowley Logistics, Crowley Shipping, Crowley Solutions, Crowley Fuels and Crowley Wind Services. Additional details about Crowley, its business items and subsidiaries will be discovered at www.crowley.com.

About Eastern Pacific Shipping

With a historical past spanning 60 years, Eastern Pacific Shipping Pte. Ltd. (“EPS”) is a number one delivery firm that’s dedicated to the inexperienced and technology-driven development of the business. Headquartered in Singapore for the previous 30 years, EPS is pushed by its mission to be the protected and environment friendly transportation supplier of option to the delivery business. Empowering that mission is a 6,000 robust and rising workforce throughout sea and shore. They oversee a flexible fleet of over 200 vessels and 20 million deadweight-tonnes throughout three core segments of containership, dry bulk, and tanker vessels. EPS’ shore staff is absolutely built-in with in-house industrial, finance, innovation, IT, authorized, manning, operations, and technical departments.

Photo – https://mma.prnewswire.com/media/1901333/Crowley_EPS_Charter_Agrmnt_Signing.jpg

 

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