Ajay Kumar Pandey

Eastern Pacific Shipping Pte. Ltd. splashes out $2.45 billion in the construction of up to 12 LNG dual-fueled container ships, each with an impressive capacity of 18,000 TEU ,swelling its vast orderbook to more than 100 newbuildings. Brokers suggested the newbuildings, which can be powered by LNG or conventional marine fuel, would cost more than $200m each. The New Times contract brings the number of firm container ship newbuildings on Eastern Pacific’s orderbook to 17. According to Clarksons Research , the company is scheduled to take delivery of four midsize vessels this year — two scrubber-fitted 6,900-teu vessels from New Times and two 5,920-teu ships from Japan’s Imabari Shipbuilding. The New Times contract brings the number of firm container ship newbuildings on Eastern Pacific’s orderbook to 17. According to Clarksons’ Shipping Intelligence Network, the company is scheduled to take delivery of four midsize vessels this year — two scrubber-fitted 6,900-teu vessels from New Times and two 5,920-teu ships from Japan’s Imabari Shipbuilding. The New Times newbuildings are chartered out to CMA CGM, while Imabari’s boxships are fixed to Orient Overseas Container Line. South Korea’s HD Hyundai Mipo Dockyard is building four LNG-fuelled 1,400-teu newbuildings for the Eastern Pacific. Eastern Pacific ordered the quartet two years ago against long-term time charters from US shipping and logistics company Crowley. HMD will be delivering the feeder vessels next year. Fujian Mawei Shipbuilding is constructing one 3,000-teu boxship that will be delivered next month. Meanwhile, Eastern Pacific has added one more conventionally fuelled 115,000-dwt product tanker newbuilding at state-owned Shanghai Waigaoqiao Shipbuilding. The deal brings the number of LR2 tankers that Eastern Pacific has at the CSSC-controlled shipyard to three. The other two product tankers were ordered last year and are slated to be delivered in February and May 2025. They were ordered against charters from Vitol. Eastern Pacific Shipping's ambitious #newbuilding program encompasses a diverse range of vessel types, including Newcastlemax #bulkers, various tankers (MR2 to #Suezmaxes), #VeryLargeAmmoniaCarriers, #LNGcarriers, and #carcarriers. This monumental moves not only solidifies EPS's position as a leader in sustainable shipping practices but also sets the stage for a new era in #maritime #transportation. #shipping #sustainablility #shippingindustry #containershipping #maritimeinnovation For more insights , pls refer to the link : https://lnkd.in/eQkPUS5t

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Global demand for LNG carriers is soaring, pushing shipowners to rely more on Chinese shipyards despite concerns over quality and experience. With South Korean yards at full capacity, Chinese shipbuilders are stepping up, but the industry's focus is now on ensuring these complex vessels meet strict standards. The need for rigorous supervision is at an all-time high, with experts stressing the importance of due diligence. For those attending #GASTECH2024, this shift in shipbuilding dynamics will be a key topic of discussion. Looking forward to insights from industry leaders like Vanessa Tattersall and Panos Mitrou from Lloyd's Register. Let's connect and explore how these developments might impact our projects. https://lnkd.in/ebTiD8YX HFW Stephen Fewster Hudong Zhonghua Shipbuilding (group) Co., Ltd. ING Drewry Shipping Consultants Ltd #LNGShipping #Shipbuilding #MaritimeIndustry #EnergyTransition #SupplyChain #MaritimeLaw #ShippingFinance #GlobalTrade #EnergySecurity

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Since my time in Singapore, I've become a fan of the TGIF culture and the Friday mixers have made it even more exciting to look forward to. It's inspiring to learn and evolve with such a diverse global fraternity. Reminds me of an African proverb I firmly believe in: "If you want to run fast, run alone. If you want to run far, run together." Key takeaway from the session, shared by Anjelica Borja, really resonated with me: "You don't need a title, position, or company to define you. You can be a leader no matter where you are and a driver of positive change." #ContinuousLearning #GrowthMindset #MaritimeSheEO #Wista #SeaTechSolutions #InnovativeEngineering

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Very large spot rate increases seen this week by Drewry’s WCI index. The Asia to USEC spot rate jumped more than 1300 USD/FFE in a single week and is now above 9100 USD/FFE. USWC rates “only” increased 800 USD/FFE compared to last week and is at almost 7500 USD/FFE. On the Europe trades the North Europe rates went up by more than 700 USD/FFE and now exceeds 8000 USD/FFE. The increase was not as sharp to the Mediterranean at just under 500 USD/FFE to a level just above 7500 USD/FFE. These four trades have all more than doubled their rate levels since the first week of May. The largest increase is to North Europe where the rate is now up 160% over these two months and the least increase is to the Mediterranean at an increase of 104%. Pacific is in between these. Curiously the backhaul Europe to Asia rate continues to decline and is now down -13% in the same period. The Pacific backhaul is unchanged. Atlantic rates are not affected yet with the westbound headhaul down -11% over the past 2 months while the eastbound backhaul is up 5%.

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“To be or not to be – that is the question.” But today, I would like to tweak it and say: “To lead or not to lead – that is the question”. Why do I say that? Because in my 20 years in corporate world, I learnt that leadership is a choice. Leadership is not about where you stand in the hierarchy. Leadership is about making a conscious choice to make a difference. Leadership is about making a conscious choice to speak up even when it is not the mainstream opinion. Leadership is about making a conscious choice to offer solutions. Leadership is about doing the right thing even when nobody is watching. Leadership is about bringing people together towards a goal. Everyone can do it. Don’t succumb to the stereotype that it is all charisma or that you are either born with it or not. Leadership is a choice. Choose to be a leader! The good news? You can start today in whatever role you are doing today. There must be one thing that means a lot to you. A problem that you don’t agree to how it is being tackled. A problem that you have a unique perspective on. Or even a problem that you agree with the solution, but for which you want to contribute to. As a matter of fact, this is how I have been part of many global projects. I raised my hand and offered my perspective as well as the chance to be part of the solution. As you start taking actions, you quickly discover your unique take on leadership. Because leadership comes in all shapes and forms. So, as you read this post, take a pose to reflect about the one thing you want to fix. I hope this helps you on your leadership journey. If this resonates with you, I would love to hear your thoughts. What would you add to the above? #leadership #careergrowth

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