Singapore-based Eastern Pacific Shipping (EPS) recently took delivery of three new LNG dual-fuel bulk carriers from China's Qingdao Beihai Shipbuilding. The vessels, named Mount Victoria, Mount Yulong, and Mount Wuyi, are equipped with engines that can run on either liquefied natural gas (LNG) or traditional marine fuels. These deliveries represent the third, fourth, and fifth vessels of this type for EPS.
This fleet expansion aligns with the growing industry trend towards adopting alternative fuels to reduce emissions. The use of LNG as a marine fuel is a key strategy for shipping companies aiming to comply with stricter environmental regulations and improve their carbon footprint.
For freight forwarders and shippers, the introduction of these dual-fuel vessels by a major carrier like EPS signifies a continued shift towards greener shipping options. While the immediate impact on spot rates for bulk cargo may be minimal, it contributes to the overall availability of more environmentally friendly transport solutions. This could become a factor in carrier selection for shippers with sustainability targets, potentially influencing contract negotiations in the long term. The increased capacity also supports the movement of dry bulk commodities globally.
