Pacific Basin decided that green methanol is currently the best fuel around which to plan its first generation of zero-emission vessels.
In May 2022, Pacific Basin entered into a memorandum of understanding with Nihon Shipyard and Mitsui to cooperate on the development of zero-emission vessels and potential investment in related green fuel bunkering infrastructure.
We have collectively now completed our feasibility assessment of the various potential green fuels, and have concluded that green methanol is currently the best fuel around which to plan our first generation of zero-emission vessels
According to Martin Fruergaard, CEO of Pacific Basin, the company is “confident that methanol is currently the most suitable future fuel for Handysize and Supramax bulk carriers, and the infrastructure to produce and distribute green methanol is coming.”
We are now embarking on the next stage of our decarbonisation project, which is to develop a highly efficient ship design around which we plan to contract our first generation of dual-fuel zero-emission newbuildings
The company hopes to help accelerate the transition and make zero-emission vessels the default choice in the dry bulk sector by 2030.
