Eastern Pacific Shipping (EPS), a Singapore-headquartered shipping company, has recently ordered four very large ammonia carriers (VLACs) from China's CSSC Jiangnan Shipyard. These ammonia carriers are the largest of their kind globally, with a capacity of 93,000 cubic meters. The vessels will be equipped with LPG dual-fuel engines and are set to be 230 meters long and 36.6 meters wide. The first vessel is expected to be delivered in mid-2026.
The demand for green ammonia as an alternative fuel in the shipping industry is expected to increase in the coming years, as more companies look for ways to achieve zero-carbon emissions. Jiangnan Shipyard has been actively working with its partners in the maritime industry to promote the development of zero-emission liquid gas carriers.
EPS had previously signed a memorandum of understanding with Hyundai Heavy Industries, the Maritime & Port Authority of Singapore, and ABS to build an ammonia dual-fuelled gas carrier, which could be delivered as early as 2025. EPS's recent order for ammonia carriers from Jiangnan Shipyard is a testament to the company's commitment to reducing its carbon footprint and supporting the global effort to combat climate change.
Jiangnan Shipyard, which had previously signed an order for 93,000 cubic meters VLACs with JS&Co and CSTC in December 2021, currently has seventeen VLGC orders on hand, accounting for 23% of the global VLGC construction market. The addition of the new deal will further strengthen the shipyard's position in the industry.
As the demand for green ammonia as a shipping fuel continues to grow, we can expect to see more companies investing in ammonia carriers and other zero-emission liquid gas carriers in the future. This move towards greener shipping practices is a positive step towards a more sustainable future for the industry and the planet as a whole.
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