EPS companies up ammonia newcastlemax choices

Idan Ofer’s Jap Pacific Delivery (EPS) has lifted its orderbook of ammonia dual-fuel newcastlemax bulkers in China.

The Singapore-based shipowner has firmed up orders for 4 extra 210,000 dwt items at CSSC Qingdao Beihai Shipbuilding, taking its order tally on the yard to 10.

The order follows six ships booked final 12 months set to ship between 2026 and 2027, in response to shipbuilding databases, which present a diversified newbuilding lineup of greater than 70 ships on EPS’ books.

EPS is believed to be paying round $80m per ship, or $800m for 10 ships in whole.

Though methanol was the highest gas of selection for newbuild tasks in 2023, with about 138 ships on file, final 12 months additionally marked a breakout 12 months for ammonia, with 11 orders for vessels run on this gas, and extra within the pipeline, in response to class society DNV.