- Eastern Pacific Shipping (EPS) signs contract for three 22m eSAILs® on MR Tanker newbuild from New Times Shipbuilding, China
- The agreement marks EPS’s second agreement with bound4blue in 2024, reinforcing its decarbonization strategy and commitment to reducing fuel consumption and emissions
This agreement follows EPS’s first project with bound4blue earlier this year, which involved retrofitting three eSAILs® on Pacific Sentinel, a 50,000dwt vessel, in February.
Supporting decarbonization
bound4blue is experiencing a surge in orders for its DNV Type Approved system, which works by dragging air across an aerodynamic surface to generate propulsive efficiency. This helps reduce vessel fuel use, OPEX and emissions to air, while also enhancing regulatory compliance.
In 2024 alone, bound4blue saw exponential growth, increasing from four projects on the orderbook to fourteen, with four installations up and running.
EPS’s decision to incorporate eSAIL® technology aligns with its broader decarbonization strategy, which includes dual-fuel vessels, biofuels, voyage optimization systems, and carbon capture technologies.
Achieving ambitions
Commenting on the agreement, Daniel Mann, Chief Commercial Officer (CCO) at bound4blue says: “We’re thrilled to be collaborating once again with EPS, one of the leaders at the forefront of the shipping industry’s green transformation. Their adoption of our eSAIL® technology not only reflects their commitment to greener shipping but also paves the way for broader industry adoption of Wind Assisted Propulsion Systems. These systems offer a proven, mechanically simple solution to reduce emissions, cut costs, and meet regulatory requirements such as FuelEU Maritime, CII, and EU ETS. We are thrilled to support EPS in achieving its ambitious sustainability goals.”
Mirtcho Spassov, Decarbonisation Manager at EPS, adds: “We’re excited to be working alongside bound4blue and New Times Shipbuilding to install our first wind-assisted propulsion system on a newbuild vessel. This project represents a significant milestone in our decarbonisation journey and lays the foundation for wider adoption of WAPS technology across our fleet.”
Flexible benefits
Singapore-headquartered EPS manages an extensive fleet comprising over 300 vessels with a combined DWT of 31 million.
The flexibility of bound4blue’s eSAILs® makes it suitable for both newbuilds and retrofits across diverse vessel types, including, but not limited to, Tankers, Bulkers, Ro-Ros, Cruises, Ferries, Gas Carriers, and General Cargo vessels.