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Pacific Basin Orders Four Dual Fuel Methanol Low Emission 64 000 dwt Ultramax Newbuilding Vessels from Japan

The remaining two vessels are contracted jointly with Mitsubishi Heavy Industries and Sumitomo Heavy Industries.

Pacific Basin Shipping’s New Dual-Fuel Vessels

Pacific Basin Shipping, a leading shipping company, has recently placed an order for four new dual-fuel vessels. These vessels will be equipped with advanced technology to reduce emissions and minimize environmental impact. The order is a significant step forward for the company, demonstrating its commitment to sustainability and environmental responsibility.

Key Features of the New Vessels

  • Dual-fuel engines, which can run on both diesel and liquefied natural gas (LNG)
  • Low-emission technology, reducing sulfur oxide and particulate matter emissions
  • Advanced navigation systems, including GPS and AIS
  • Improved fuel efficiency, reducing fuel consumption and operating costs

    • Joint Contracts with Japanese Shipbuilders

    The order for the new vessels is a result of joint contracts between Pacific Basin Shipping and two Japanese shipbuilders: Nihon Shipyard Co. and Imabari Shipbuilding Co., Ltd. The two companies will jointly build two of the vessels, while Mitsubishi Heavy Industries and Sumitomo Heavy Industries will jointly build the remaining two vessels.

    Benefits of Joint Contracts

  • Shared costs and risks, reducing the financial burden on individual companies
  • Increased efficiency and productivity, as multiple companies work together to meet the order
  • Improved quality and reliability, as multiple companies bring their expertise and experience to the project

    • Environmental Benefits of Dual-Fuel Vessels

    The new dual-fuel vessels will have a significant impact on reducing emissions and minimizing environmental impact.

    This flexibility allows them to operate in various environments, from urban areas to remote locations, and enables them to reduce their carbon footprint by using renewable energy sources.

    The Benefits of Dual-Fuel Engines

    The LEVs’ dual-fuel engines offer several benefits, including:

  • Reduced greenhouse gas emissions
  • Lower operating costs
  • Increased fuel efficiency
  • Improved engine performance
  • Enhanced environmental sustainability

    • These benefits are achieved through the use of biofuel, which can be sourced from various renewable energy sources such as agricultural waste, algae, or municipal waste. By using biofuel, the LEVs can reduce their dependence on fossil fuels and lower their carbon emissions.

    The Environmental Impact of LEVs

    The LEVs’ dual-fuel engines have a significant impact on the environment.

    Pacific Basin partners with Mitsui & Co.

    Pacific Basin is a leading provider of marine fuel and bunker fuel, and Mitsui & Co. is a major player in the global energy market.

    Partnership for Green Methanol

    The partnership between Pacific Basin and Mitsui & Co. is a significant development in the global energy transition. As the world shifts towards cleaner energy sources, the demand for green methanol is increasing rapidly. Pacific Basin’s access to this green methanol will enable the company to offer its customers a more sustainable and environmentally friendly option.

    Benefits for Pacific Basin

  • Increased market share: By offering green methanol, Pacific Basin can attract new customers who prioritize sustainability and reduce their carbon footprint. Enhanced reputation: The partnership with Mitsui & Co. will enhance Pacific Basin’s reputation as a responsible and environmentally conscious company.

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