Eastern Pacific Shipping and Euroseas have signed newbuilding contracts in China, continuing the surge in container vessel orders, reports London’s Riviera Maritime Media.
EPS has reportedly placed orders for up to 16 6,000-TEU ships, split between Hengli Heavy Industry and CMJL Jiangsu. Each contract includes four firm vessels and four optional units, with deliveries scheduled through 2027. Shipbrokers estimate the price per ship at around US$78 million.
The orders follow EPS’s recent collaboration with Hengli on LNG dual-fuel Suezmax tankers. Shipbroking sources also indicated EPS is close to finalising additional feeder vessel contracts in China. The company is pursuing a broad newbuilding programme across major shipping segments.
Separately, Euroseas has signed a deal with Jiangsu New Yangzi Shipbuilding for two 4,300-TEU fuel-efficient container ships. The vessels, priced at just over $59 million each, are sister ships to a pair ordered in October 2024 and are due for delivery by May 2028.
The US-listed firm now has four 4,300-TEU ships on order, complementing its fleet of 22 vessels with a combined capacity of 67,494 TEU.
“We are committed to growing and modernising our fleet,” said Euroseas chairman and CEO Aristides Pittas. He added that investing in eco intermediate-sized ships was a strategic move, given the ageing fleet and limited orderbook in the segment.
Mr Pittas said the company is well-positioned to seize future market opportunities and deliver long-term shareholder value, supported by current charter arrangements.
