Eastern Pacific Shipping extends eSAIL® installation with bound4blue on newbuild

• Eastern Pacific Shipping (EPS) signs contract for three 22m eSAILs® on MR Tanker newbuild from New Times Shipbuilding, China

• The agreement marks EPS’ second agreement with bound4blue in 2024, reinforcing its decarbonization strategy and commitment to reducing fuel consumption and emissions

Barcelona, 10 December 2024: Eastern Pacific Shipping (EPS) has strengthened its collaboration with bound4blue by contracting three 22-meter high eSAIL® suction sails. The fully autonomous Wind Assisted Propulsion System (WAPS) will be installed on a newbuild MR Tanker by New Times Shipbuilding in Jiangsu Province, China in late 2025.

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 decarbonisation

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 decarbonisation strategy, which includes dual-fuel vessels, biofuels, voyage optimization systems, and carbon capture technologies.

Digitally rendered image of eSAILs® on MR newbuild.

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 the diverse vessel types, including, but not limited to, Tankers, Bulkers, Ro-Ros, Cruises, Ferries, Gas Carriers, and General Cargo vessels.

bound4blue
Dana Camps | T. +34 938 33 73 92 | press@bound4blue.com

About bound4blue 

bound4blue develops automated wind-assisted propulsion systems as a turnkey solution for all shipowners and shipping companies seeking to reduce fuel costs and polluting emissions. bound4blue’s eSAIL^® system is a validated solution for saving fuel and emissions, completely autonomous, with low maintenance and easy installation onboard, being the most cost-efficient wind propulsion technology today. It is suitable for Tankers, Bulkers, Ro-Ros, Cruises, Ferries, Gas Carriers, and General Cargo vessels, regardless of their size or age. The company, founded in 2014 with a vocation clearly focused on the renewable energy sector in the maritime field, has its headquarters in Cantabria (Spain) and offices in Barcelona and Singapore. The company has installed its eSAIL^® system on four ships and has signed additional agreements with other shipowners like Maersk Tankers, Klaveness Combination Carriers, Amasus, Eastern Pacific Shipping, Marflet, Louis Dreyfus Company, Marubeni Corporation, Odfjell, Louis Dreyfus Company and SNA TUHA’A PAE to install the system on their fleets.

For more information, visit: www.bound4blue.com

About Eastern Pacific Shipping

With a history spanning 60 years, Eastern Pacific Shipping Pte. Ltd. (“EPS”) is a leading shipping company that is committed to the green and technology-driven growth of the industry. Headquartered in Singapore for the past 30 years, EPS is driven by its mission to be the safe and efficient transportation provider of choice to the shipping industry. Empowering that mission is a 6,000 strong and growing workforce across sea and shore. They oversee a versatile fleet of over 300 vessels and 31million deadweight-tonnes across four core segments of containership, dry bulk, gas and tanker vessels. EPS’ shore team is fully integrated with in-house commercial, finance, innovation, IT, legal, manning, operations, and technical departments.

For more information, visit: https://www.epshipping.com.sg/

This project is funded by the European Union under grant agreement No. 101103465 from Innovation Fund programme.

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them.