Eastern Pacific Shipping Signs for 12 Car Carrier Newbuilds

The wave of car carrier newbuilds continues with the news that Singapore-headquartered Eastern Pacific Shipping has signed a deal for 12 new car carriers with yards in China.

Of the 12 newbuilds that have been commissioned, eight will be 5,500 CEU vessels constructed at Fujian Mawei Shipbuilding. Four vessels are set to be constructed at China Merchants Jinling Shipyard.

According to Splash247.com ‘the order covers four firm LNG dual-fuel units at Fujian Mawei, delivering in 2027, and two firm at Jinling, with shipbuilding sources suggesting a price of about $80m each’. 

The agreement for new car carriers comes at a time of considerable outlay for Eastern Pacific Shipping. It is estimated that the shipping company has currently committed to around 80 newbuild projects. 

Other newbuild projects that Eastern Pacific has committed to include eight 50,000 DWT tankers at Fujian Mawei. 

In terms of car carriers, Eastern Pacific isn’t the only shipping line committing to newbuilds. According to data from Clarksons, approximately 35 car carriers have been contracted so far this year. This follows a bumper 2023, which saw 88 car carriers ‘firmed up’ - predominantly across Chinese shipyards. 

As we’ve written previously, with Chinese automakers increasingly seeking markets beyond their own domestic market, more and more brands are choosing to commission their own car carrier solutions. 

Shipbuilding support from Brookes Bell

If your shipping line has committed to a newbuild (or newbuilds), do you have the appropriate expertise on hand to ensure the project goes smoothly? 

If you can’t answer that question with confidence, then you need to speak to Brookes Bell’s ship building project management experts today. 

In particular, our marine engineers are able to help you design the systems that will bring your newbuild to life. 

Furthermore, our dedicated Shanghai office means we can provide on-the-ground support to newbuild projects at China’s largest yards.

Learn more about Brookes Bell’s marine engineers now

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