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Multiple shipbroking reports show how Singapore’s Eastern Pacific Shipping has decided to switch boxship orders from one Korean yard to another.
Last month, Idan Ofer-controlled Eastern Pacific cancelled a swathe of LNG dual-fuelled boxships contracted for $770m with Daewoo Shipbuilding & Marine Engineering (DSME). This month it has emerged that Eastern Pacific has switched the series construction of 15,000 teu ships to a rival yard that is closing in on a merger with DSME.
Eastern Pacific is paying $136.5m per ship for its latest boxships, which will deliver in 2023. The order has been split two ways between sister yards – Hyundai Heavy Industries building four vessels and Hyundai Samho building the other two.
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