Eastern Pacific locks in 12 newbuilds at Hengli

Eastern Pacific places major 12-ship order at Hengli Shipbuilding - Maritime Gateway

Eastern Pacific Shipping (EPS) has launched one of the year’s largest newbuilding programmes at China’s Hengli Shipbuilding, signing contracts for 12 vessels in a deal estimated at $1.1bn–$1.6bn. The multi-segment order marks a significant expansion for the Idan Ofer–led company and signals its return to the VLCC market after a seven-year hiatus. The headline element of the programme is a series of six 306,000 dwt VLCCs—EPS’s first investment in…

Eastern Pacific locks in 12 newbuilds at Hengli

China’s Hengli Shipbuilding has confirmed a major newbuilding programme for Eastern Pacific Shipping (EPS), detailing a 12-ship order that marks one of the most substantial commitments at the yard this year. The deal, valued between $1.1bn and $1.6bn, spans three vessel types and signals the Idan Ofer-led owner’s return to the VLCC segment after a …