Singapore’s Eastern Pacific Shipping (EPS) and South Korea’s H-Line Shipping have emerged as the winners of Rio Tinto’s charter tender for up to a dozen dual-fuelled, 210,000-dwt bulk carrier newbuildings.
Under the negotiations, dubbed Project Orion, each company will order three firm vessels —which can run on both conventional fuels and LNG — with options for three additional ships each, according shipping sources.
