Pacific bulk carrier Pacific Basin Shipping has signed a Memorandum of Understanding (MoR) with Nihon Shipyard and Mitsui & Co to jointly study the development of commercially viable zero-emission vessels (ZEVs) and related bunkering infrastructure.

With the aim of the International Maritime Organization (IMO) to reduce the carbon intensity of global shipping by 40% by 2030 compared to 2008 levels and halve total greenhouse gas emissions from ships by 2050, the maritime industry needs to to start using clean, alternative fuels. These include fuels such as ammonia or methanol, both of which require new or modified engines, alternative ship designs and related international bunkering infrastructure.

‘)
}
something else {
console.log (‘nompuad’);
document.write (”)
}
// ->

‘)
}
otherwise if (width> = 425) {
console.log (‘big screen’);
document.write (”)
}
something else {
console.log (‘nompuad’);
document.write (”)
}
// ->

Nihon Shipyard is a partnership of two of Japan’s largest shipbuilders, Imabari Shipbuilding and Japan Marine United Corporation. Nihon Shipyard is currently focusing on the design, construction and promotion of environmentally friendly zero-emission marine vessels.

Using Mitsui & Co’s multi-sectoral commercial and business expertise, the collaboration aims to explore alternative fuel bunkering options and infrastructure, while seeking mutual benefits in the procurement of zero-emission vessels.

“We are excited to partner with these two leading companies in this initiative, which we believe offer complementary experience and size as we continue on our path to decarbonisation,” said Martin Fruergaard, CEO, Pacific Basin.

Through this agreement, the Pacific will continue to be at the forefront of industrial development as we accelerate the transition and make zero-emission ships a default choice by 2030 and allow us to meet our zero-emission target by 2050 ”

“We are very pleased to participate in the green transition of the maritime industry by entering into this memorandum of understanding with two of the leading companies in the industry. Energy solutions are a strategic focus area and have been identified as a new growth opportunity that will contribute to decarbonization by reducing energy consumption and greenhouse gas emissions, ”said Tatsuya Okamoto, Chief Operating Officer, Mobility Business Unit II, Mitsui & Co.

Pacific Basin and partners sign MoU for development of zero-emission vessels

Previous articleThe FDA provides an indication for orphan drugs in Edita’s beta thalassemia therapy
Next articleMost read articles – Marvell Tanzanite, Design IP, market slowdown