Pacific Basin Shipping, a Hong-Kong-headquartered dry bulk shipowner, said it sees methanol as its best option as it pursues commercially viable zero-emissions vessels.
In May 2022, the company entered into a memorandum of understanding with Nihon Shipyard Co., Ltd and Mitsui & Co., Ltd to cooperate on the development of zero-emission vessels and potential investment in related green fuel bunkering infrastructure.
Pacific Basin added that it believes biofuels will also feature in the industry’s fuel mix, and that ammonia will become an important marine fuel in some sectors once technical and safety challenges are adequately addressed.
Tags: Bunkering, Methanol, Nihon Shipyard, Pacific Basin, Shipping
Recent Posts
G7 countries task IRENA to monitor Group’s renewable energy progress
Kongsberg Maritime hybrid technology to optimise energy use and cut emissions
ICRA says oil import bill to rise to $101-104 billion in FY25
Green Park Energy raises $30 m to export hydrogen, ammonia
Europe awards green hydrogen funding for 7 projects
H2SITE receives approval from LR for ammonia cracking technology
Volvo Penta provides power solution for retrofit electric CTV
India grants approval for marine insurance cover to Russian tankers