Pacific Basin, Nihon, and Mitsui team up to develop zero-emission vessels

Pacific Basin, Nihon, and Mitsui team up to develop zero-emission vessels
The trio are teaming up to develop zero-emission ships

Dry bulk shipping company Pacific Basin Shipping has signed a memorandum of understanding (MoU) with Nihon Shipyard and Mitsui & Co to cooperate in the investigation and development of zero-emission vessels (ZEV) and investment in related bunkering infrastructure.

The International Maritime Organization (IMO) aims to reduce the carbon intensity of global shipping by at least 40 per cent by 2030 relative to 2008, and to at least halve total greenhouse gas (GHG) emissions from ships by 2050.

Nihon Shipyard is a partnership between Japan’s two largest shipbuilders Imabari Shipbuilding and Japan Marine United Corporation. Nihon Shipyard focuses on the design, construction and promotion of eco-friendly ships for a zero-emission future.

The collaboration will investigate alternative fuel bunkering options and associated infrastructure to develop zero-emission vessels.

Martin Fruergaard, CEO of Pacific Basin, said: ‘‘We are excited to be partnering with these two leading companies on this initiative, who we feel offer complementary expertise and size, as we continue along our decarbonisation journey. Through this agreement, Pacific Basin will continue to be at the forefront of development within the industry, as we accelerate the transition and make zero-emission-ready vessels the default choice by 2030, and enable us to meet our target of zero emissions by 2050.’’

Hirose, director, chief of sales and marketing division, Nihon Shipyard commented: “It is a great pleasure and honour to be working with leading companies in our industry to develop zero-emission vessels in anticipation of the maritime industries environment response to regulations to reduce GHG emissions by 2030 and 2050.”