Eastern Pacific Shipping

The fleet

Eastern Pacific Shipping controls a fleet most national carriers would envy: around 350 vessels totalling 31 million deadweight-tonnes, spread across four core segments — dry bulk, containerships, gas and tankers — moving the raw materials and finished goods of the global economy around the clock, all run from a single headquarters in Singapore.

The scale alone would place EPS among the larger owners in the market. What sets it apart is that almost none of it is outsourced.

One roof

Where most owners hand technical management, crewing or operations to third parties, EPS keeps them in-house. Commercial chartering, technical management, operations, manning, IT, legal, finance and innovation all sit inside the company, staffed by roughly 7,000 people at sea and ashore.

The effect is that EPS behaves less like a manager-for-hire and more like a fully integrated shipping line. It decides how its vessels are specified, built, maintained, crewed and traded — and it keeps the margin, the data and the expertise in the building rather than paying them out to a chain of contractors. For a fleet of this size, that vertical control is the real asset.

The decarbonisation bet

That control is what lets EPS move faster than most of the industry on fuel. The company has committed early and heavily to dual-fuel and alternative-fuel tonnage, on a straightforward wager: the owners who decarbonise first will own the freight when the regulations tighten.

The order book makes the bet concrete. EPS has ordered four ammonia dual-fuel bulk carriers of 210,000 deadweight-tonnes each at CSSC Beihai, alongside LNG dual-fuel tankers of 111,000 deadweight-tonnes at CSSC Guangzhou — vessels among the first of their kind at that scale. Across the fleet it is layering LNG, methanol and ammonia capability and trialling wind assistance on tanker tonnage. These are not pilot gestures; they are large, expensive newbuilds ordered years before the rules force the industry's hand.

Two arms in the hardest segments

EPS extends its reach through two specialist arms that take it into harder, higher-value trades. EPS UK operates the group's container and pure car-and-truck-carrier (PCTC) fleets — the vessels that move the world's finished vehicles. CoolCo pushes the group into LNG carriers, one of the most technically demanding and highest-earning segments in shipping, where only a handful of operators have the expertise to compete.

Together they mean EPS can offer a charterer almost any cargo, in almost any trade, on modern tonnage it manages end to end — a single counterparty rare at this breadth.

Run from Singapore

For a competitor, EPS is the benchmark that keeps moving: scaling and modernising faster than most listed peers can, without a listed company's brakes. For the wider industry, it is one of the clearest signs that Singapore has quietly become the room where the world's largest private fleets are actually run — not merely flagged or financed, but specified, crewed, decarbonised and traded from a single headquarters on the water's edge.