EPS, Zhejiang Satellite Petrochemical pen deal for 4 dual-fuel VLECs

By Jasmina Ovcina Image courtesy: EPS

Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical (STL).

The vessels will be carrying ethane from the US Gulf Coast to Shenzhen-listed STL’s plant in Lianyungang, China.

Under the novation contract with STL, EPS will charter the VLECs for 15 years.

All four VLECs will feature dual-fuel ethane propulsion which will reduce greenhouse gas emissions when compared to conventional marine fuels.

“Both companies share a vision of being the green and technology-driven leaders in our respective industries. This made the negotiations and

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