What Eastern Pacific Shipping does

Eastern Pacific Shipping Pte. Ltd. (EPS) is a privately-held, Singapore-headquartered ship management and vessel operating company founded in 1966 and controlled by Idan Ofer. The company operates a diversified fleet of more than 350 vessels representing 36-37 million DWT across six core segments — dry bulk (36 vessels), containers (50), chemical tankers (10, exiting in 2026), gas carriers (24, plus 13 LNG carriers consolidated via the 2025 CoolCo acquisition), tankers (49), and pure car and truck carriers — supported by 177 dual-fuel ships capable of running on LNG, LPG, methanol, ammonia, ethane, and biofuels, and a newbuilding orderbook of more than 150 alternative-fuel vessels.

EPS' commercial model is built on direct enterprise engagement with blue-chip charterers — major oil companies, commodity traders, mining houses, and large container lines — under long-term time charters and spot contracts. Revenue is generated through charter hire, freight earnings, and vessel management fees, with commercial teams organised by vessel segment and a network of 10 offices across Singapore (HQ), Bulgaria, India, the UK, Japan, and Norway. The company complements its core shipping operations with EPS Ventures, a strategic investment vehicle that manages a 14+ company portfolio of maritime technology startups and operates the Techstars-powered Eastern Pacific Accelerator.

EPS has built an explicit technology-and-decarbonisation posture, integrating third-party AI and clean-propulsion systems across its fleet: AI-enabled HSE management (Greenfield Marine's Shiparc.ai on 150 vessels), AI-based autonomous navigation (Avikus HiNAS on a bulk carrier and Suezmax tanker), wind-assisted propulsion (bound4blue eSAIL on the newbuild Pacific Sunstone), onboard carbon capture (Value Maritime), and fleet-wide AI performance analytics (DeepSea Technologies). The company was a founding member of Singapore's S$120 million Maritime Decarbonisation Centre and has set dual-fuel scale, ESG credentials, and alternative-fuel readiness as the structural basis for its 'EPS 500' growth strategy.

Name

Eastern Pacific Shipping

Legal name

Eastern Pacific Shipping Pte. Ltd.

Website

https://epshipping.com.sg

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Eastern Pacific Shipping is a privately-held Singapore-based ship manager operating a diversified fleet of 350+ vessels (36M+ DWT) across containers, dry bulk, gas carriers, tankers, and PCTCs, serving blue-chip charterers under long-term time charters and pursuing an aggressive dual-fuel and decarbonisation strategy.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Vessel management and charter services: EPS generates revenue primarily through providing ship management services and operating vessels under time charters and spot contracts. Its versatile fleet of over 350 vessels spans containerships, PCTC, dry bulk, gas carriers, and tankers, serving charterers across global trade routes. Revenue is derived from charter hire, freight earnings, and vessel management fees.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Eastern Pacific Shipping is a ship management company that owns and operates a diversified fleet of over 350 vessels across bulk carriers, container ships, chemical tankers, gas carriers, oil/product tankers, PCTC car carriers, and LNG carriers, providing maritime transportation services under time charters and spot contracts to global charterers. The company generates revenue from charter hire, freight earnings, and vessel management fees, while complementing core operations with EPS Ventures (strategic investment vehicle) and the Eastern Pacific Accelerator (maritime tech accelerator with Techstars).

Product overview

Eastern Pacific Shipping is a leading Singapore-headquartered ship management company operating a diversified fleet of over 350 vessels across six core segments: dry bulk (36 vessels), container ships (50 vessels), chemical tankers (10 vessels), gas carriers (24 vessels), tankers (49 vessels), and PCTC/car carriers. The fleet represents over 36 million DWT with 177 dual-fuel vessels and is supported by a 7,000-strong workforce across 10 global offices. EPS complements its core shipping operations with EPS Ventures (strategic investment vehicle), the Techstars-powered Eastern Pacific Accelerator (maritime innovation programme), and the EPS To The Moon CSR initiative supporting Mercy Ships. Following the 2025 merger with CoolCo, EPS strengthened its gas shipping platform including LNG carrier operations.

Differentiator

Problem solved

Functional benefit

Brands

• EPS Ventures: Strategic capital deployment and venture investments across diversified asset classes in maritime and industrial ecosystems.
• EPS To The Moon

Products and services

• Bulk Fleet

Quantifiable outcome

• 177 dual-fuel vessels in fleet as part of 150+ newbuilding programme
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability10 records

Feature5 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Ace TankerscoreStrategic or Co-development Partner · 17 June 2026EPS exited the chemical tanker segment through an en-bloc transaction transferring its 14-vessel chemical tanker fleet to Ace Tankers and Womar Tankers. Seven vessels remain under AQCT commercial management (affiliated with Ace).
• Womar TankerscoreStrategic or Co-development Partner · 17 June 2026EPS transferred seven vessels from its chemical tanker fleet to Womar Tankers as part of the strategic exit from the chemical tanker segment.
• Champion TankerscoreStrategic or Co-development Partner · 2 June 2026EPS and Champion Tankers launched a joint IMO II MR Tanker Pool, combining eight high-quality IMO II MR vessels (four from each company) under a unified commercial platform to serve clean petroleum products, chemicals, and specialty cargo transportation.
• Greenfield Marine TechnologiescoreTechnology or Integration · 22 April 2026Abu Dhabi-based Greenfield Marine Technologies successfully deployed its AI-enabled HSE platform Shiparc.ai across 150 vessels operated by EPS, supporting more than 4,000 seafarers across tankers, LNG carriers, and bulk carriers. The deployment focuses on proactive safety management, hazard reporting, and ship-shore communication.
• bound4bluecoreTechnology or Integration · 19 March 2026EPS completed its second eSAIL wind-assisted propulsion installation with bound4blue, fitting three 22-metre suction sails on newbuild MR tanker Pacific Sunstone at New Times Shipbuilding, China. A six-month study with Pacific Sentinel confirmed 8% net power reduction and 5.5% net fuel savings. bound4blue's DNV type-approved technology is deployed on seven ships with 12 more in its order book.
• Cool Company Ltd. (CoolCo)coreStrategic or Co-development Partner · 24 September 2025EPS (controlled by Idan Ofer who holds just under 60% of CoolCo) launched a takeover bid to take CoolCo private at $9.65/share, representing a 26% premium. CoolCo was spun off from Golar LNG in late 2021 with a fleet of eight LNG carriers, expanded to 13 vessels. The merger completed, delisting CoolCo from NYSE and Euronext Growth Oslo, strengthening EPS' gas shipping platform.
• Avikus (HD Hyundai subsidiary)coreTechnology or Integration · 27 May 2025EPS awarded Avikus a retrofit contract to install AI-based autonomous navigation systems (HiNAS Control, SVM, and HiNAS Cloud) on two vessels — a bulk carrier and a Suezmax tanker — marking Avikus' inaugural commercial retrofit contract outside Korea where it has outfitted over 350 vessels.
• Maritime and Port Authority of Singapore (MPA)coreStrategic or Co-development Partner · 21 April 2021EPS was a founding member of the Maritime Decarbonisation Centre in Singapore, a S$120 million public-private partnership funded by MPA (S$60M), BW Group, Sembcorp Marine, ONE, DNV, BHP, and EPS (S$10M each). The centre funds R&D and maritime decarbonisation technology projects.
• BW Group, Sembcorp Marine, ONE, DNV, BHPcoreStrategic or Co-development Partner · 21 April 2021Co-founding partners of the Maritime Decarbonisation Centre in Singapore alongside EPS and MPA. Each private company contributed S$10 million to the S$120 million fund.
• MaritimeONE / Singapore Maritime Foundation (SMF)minorStrategic or Co-development Partner · 12 April 2021EPS Scholarship Fund of S$200,000/year (initially for 3 years) awarded in cooperation with MaritimeONE and SMF, targeting Singaporeans pursuing maritime careers. The fund supports full and mid-programme scholarships for maritime business, marine engineering, or seafarer pathways.
• FueLNG (Keppel O&M and Shell joint venture)coreStrategic or Co-development Partner · 24 March 2021EPS partnered with FueLNG and CMA CGM for Asia's first ship-to-containership LNG bunkering operation at the Port of Singapore. CMA CGM SCANDOLA received 7,100m3 of LNG from FueLNG Bellina, Singapore's first LNG bunkering vessel. EPS was the first vessel in Asia to conduct simultaneous container loading/discharging alongside LNG bunkering.
• MAN Energy SolutionscoreTechnology or Integration · 5 March 2021EPS signed an MOU with MAN Energy Solutions and OCI to develop methanol and ammonia as marine fuels. MAN provides dual-fuel engines capable of running on methanol and ammonia, with the first methanol engine already introduced and ammonia engine expected in 2024.
• OCI N.V.coreStrategic or Co-development Partner · 5 March 2021OCI N.V. (Euronext: OCI), a leading global producer of nitrogen and methanol products, intends to supply methanol and ammonia as marine fuels to EPS vessels under the trilateral MOU with MAN Energy Solutions. OCI also intends to charter the first retrofitted methanol-fueled vessel from EPS.
• GoodFuelscoreStrategic or Co-development Partner · 15 October 2020EPS appointed GoodFuels to supply biofuel bunkers for MR tanker M/T Pacific Beryl. Bunkering took place in Dutch waters. The trial reinforced EPS' commitment to testing alternative marine fuels as part of its ESG policy and mixed fuel approach to lowering emissions.
• Yinson GreenTech (marinEV)minorStrategic or Co-development PartnerEPS collaborated with Yinson GreenTech's marinEV on electric vessel trials, supporting Singapore's first decarbonization hub dedicated to electric supply vessels with the Hydromover 2.0, predicting up to 80% emissions reductions per trip.
• Donghwa EnteccoreTechnology or IntegrationDonghwa Entec develops advanced LNG Fuel Gas Supply Systems (FGSS) to enable cleaner marine propulsion, improving fuel efficiency while reducing vessel emissions. EPS partnered with Donghwa for HP pumps and vaporiser skids for LNG FGSS on dual-fuel vessels.
• TechstarsminorStrategic or Co-development PartnerEPS launched the Eastern Pacific Accelerator in partnership with Techstars in 2019. The programme provided funding and mentorship to maritime technology startups, with 18 startups receiving investment and mentorship across two cohorts.

Scale indicators12 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Star Bulk Carriers: Large public dry-bulk shipowner with ~100+ Newcastlemax/Capesize vessels and active ESG-linked charter programmes; comparable to EPS' 36-vessel bulk fleet and its dual-fuel dry-bulk ordering trajectory.
• BW LPG: Public pure-play VLGC LPG carrier owner and part of the BW Group; comparable to EPS' gas carrier fleet (24 vessels including LPG/ammonia carriers) after the CoolCo/LNG expansion.
• Frontline: Leading public VLCC/Suezmax/LR2 tanker operator with global time-charter and spot exposure; benchmark for EPS' tanker segment economics and Suezmax-specific technology pilots (e.g., Avikus HiNAS retrofit).
• Scorpio Tankers: Public pure-play product/crude/chemical tanker owner operating ~100+ vessels on time and voyage charters; directly comparable to EPS' tanker segment (49 vessels) and chemical exit dynamics.
• BW Group: Privately held Singapore-based shipowner with gas (BW LNG), tanker (BW VLCC), and dry-bulk exposure; one of the closest comps to EPS given shared HQ, segment mix (gas/tankers/bulk), private ownership, and participation in the Singapore Maritime Decarbonisation Centre alongside EPS.
• Stena Bulk: Swedish privately-held diversified tanker and dry-bulk shipowner/operator with active decarbonisation programmes (dual-fuel MR newbuilds) comparable to EPS' segment approach across bulk, tanker, and gas.

Broad incumbents

• Mitsui O.S.K. Lines: One of Japan's 'big three' diversified shipowners with bulk, tanker, LNG, and container exposure; comparable in fleet diversification, but publicly listed and far larger, positioning it as a broad incumbent reference rather than direct peer.
• Hapag-Lloyd: Global container line operating ~270 container vessels; a large established incumbent whose containership demand drives EPS' 50-vessel container segment, though Hapag-Lloyd is a customer/competitor rather than a pure tonnage peer.

Emerging players

• Avikus: HD Hyundai subsidiary that retrofitted HiNAS autonomous navigation onto EPS vessels in 2025; not a competitor but an embedded technology partner with partial overlap in AI-enabled maritime operations — relevant for assessing EPS' tech moat.
• bound4blue: Spanish wind-assisted propulsion technology provider that has installed eSAIL units on EPS' Pacific Sentinel and Pacific Sunstone; an enabling player in EPS' fuel-efficiency stack and a tangible measure of EPS' willingness to commercialise emerging green-proptech.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/3949929

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastern Pacific Shipping