Pacific Basin Shipping Limited has chosen methanol as the preferred fuel for its first generation of dual-fuel zero-emission newbuildings. In May 2022, the firm 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. Following completion of a feasibility assessment of the various potential green fuels (covering fuel characteristics, availability and scalability, technical pros and cons, lifetime operating and capital costs, etc.), and Pacific Basin has concluded that green methanol is currently the best fuel around to plan its first generation of zero-emission vessels.
