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EPS in charter deal with Rio Tinto for LNG-powered bulkers

From seatrade-maritime.com

The agreement between Rio Tinto and EPS sees the shipowner ordering three firm plus three option 210,000 dwt bulkers at New Times Shipbuilding. The LNG-powered bulkers are set to be delivered from the second half of 2023. Rio Tinto is aiming to reduce its carbon footprint with use of LNG-fuelled vessels. “We are delighted to include LNG dual-fuel shipping into our future fleet,” said Ashley Howard, Chief Financial and Operating Officer, Commercial. “This keeps Rio consistent with industry best practice and will provide additional opportunity to meet our emissions reduction goals and overall value management ... (full story)

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  • Category: Fundamental Analysis