Eastern Pacific Shipping (EPS), one of the major shipping companies based in Singapore, has recently received a new dual-fuel ammonia vessel named Lilac Cove from Jiangnan Port in China. This vessel has a capacity of 93,000 cubic meters and can operate using LPG fuel and conventional marine fuels. The ability to carry LPG gas cargos including propane and butane gives this vessel greater flexibility in transportation operations.
Details of the Lilac Cove Vessel
The Lilac Cove is the second vessel out of a total of six dual-fuel ammonia vessels being constructed for EPS at Jiangnan Port. Previously, the first vessel named Ivy Cove was delivered to EPS in June. These vessels are designed and built as part of EPS's efforts to upgrade its fleet and meet diverse market needs.
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Global Status of Dual-Fuel Vessel Fleet
Overall, the global fleet of vessels capable of carrying LPG currently includes 179 ships, and it is expected that an additional 160 vessels will be added to this fleet by 2030. Of these, 165 vessels are specifically designed for transporting LPG, and 14 vessels have the capability to carry both LPG and ammonia. This information is based on data provided by the classification society DNV and indicates the rapid growth of this sector of the maritime transport industry.
The activity of dual-fuel LPG vessels has significantly increased this month. For example, the Belgian shipping company Exmar has received a new dual-fuel LPG vessel for its French subsidiary, Exmar France. Additionally, the Chinese state-owned company COSCO Shipping has launched a large dual-fuel LPG vessel. On the other hand, the Japanese tanker operator IINO Kaiun Kaisha (IINO Lines) has signed a time charter agreement with the energy and commodities trading group BGN for a new dual-fuel LPG vessel.
Furthermore, the owner of gas vessels Dorian LPG has also ordered three dual-fuel LPG vessels with a capacity of 90,000 cubic meters from South Korea's Hanwha Ocean. These developments reflect the increasing demand for vessels capable of carrying gas cargos and the improvement of technologies related to clean fuels in the maritime transport industry.
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