On March 27, 2019, Eastern Pacific Shipping signed an LOI with New Times Shipbuilding to build up to eight product tankers.
EPS CEO, Cyril Ducau said, “We are optimistic about the product sector and this order will put us in a good position to capitalise on the market. In addition, these EGCS fitted and ice-class 1C tankers will provide us with a fleet that matches the wants and needs of our clients. We are pleased to sign an LOI with New Times Shipbuilding. They have a solid track record and we look forward to working with them on this mutually beneficial order.”