Pacific Basin sees methanol as best option

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.