https://www.pacificbasin.com/upload/en/ir/news/press/LEVs_PressRelease_E_Final.pdf

Hong Kong, 28 November, Pacific Basin Shipping Limited (2343.HK), a global leader in dry bulk shipping, has announced the procurement of four advanced dual-fuel low-emission vessels (LEVs). This strategic move follows a two-and-a-half-year collaboration with Japanese partners Nihon Shipyard Co., Ltd. and Mitsui & Co., Ltd.

The 64,000 dwt vessels, designed to operate on green methanol and fuel oil, are scheduled for delivery in 2028 and 2029. Two vessels will be built jointly by Nihon Shipyard Co. and Imabari Shipbuilding Co., Ltd., while the remaining two are contracted with Mitsui & Co. All four ships will be constructed by Nihon Shipyard Co., incorporating the latest fuel-efficient engines and enhanced safety features.

Pacific Basin has highlighted green methanol, produced from sustainable feedstocks and renewable energy, as a preferred low-carbon marine fuel. The dual-fuel engines also allow operation on biofuel and conventional fuel oil, offering flexibility and supporting decarbonization goals.

The Company emphasized that this marks an essential step toward achieving net-zero emissions, while remaining open to reassessing alternative green fuels as technology and market dynamics evolve. This milestone reinforces Pacific Basin’s commitment to sustainable maritime innovation and environmental stewardship.

https://www.offshore-energy.biz/evergreen-orders-6-methanol-dual-fuel-boxships/

Evergreen Marine, a prominent Taiwanese container shipping company, has made a significant move towards decarbonizing its operations by ordering six 2,400 TEU methanol dual-fuel container ships in China. These Sub-Panamax vessels will be constructed by CSSC Huangpu Wenchong Shipbuilding Company Limited, a division of China State Shipbuilding Corporation (CSSC). Evergreen disclosed this transaction in a stock exchange filing on June 7, 2024.

 The purchase price for each vessel ranges between $52-58 million, resulting in a total transaction value of $312-348 million. Notably, this order was placed on behalf of Italia Marittima S.p.A. (ITS), an Evergreen Marine subsidiary. This development follows Evergreen's previous investment in 24 methanol dual-fuel 16,000 TEU container ships last year. The construction contracts for these vessels were split between Samsung Heavy Industries (SHI) and Nihon Shipyard, a collaboration between Japan Marine United Corporation (JMU) and Imabari Shipbuilding. Evergreen's strategic decisions underscore its commitment to sustainability and innovation in the maritime industry.

https://splash247.com/ns-united-makes-methanol-newcastlemax-newbuild-move/

Japanese shipping company NS United Kaiun Kaisha has finalized an agreement with Nihon Shipyard, a joint venture between Imabari Shipbuilding and Japan Marine United, for the construction of a methanol dual-fuel newcastlemax bulk carrier. This Tokyo-based bulker giant disclosed that the 209,000 dwt vessel will represent a next-generation environmentally friendly addition to its fleet, primarily intended for transporting raw materials both domestically in Japan and internationally.

 The 300-meter-long bulker is meticulously designed to comply with the EEDI Phase 3 requirements and is slated for deployment into service in 2027 or thereafter. This decision aligns with the company's overarching mid-term investment strategy and its commitment to achieving net-zero greenhouse gas emissions by 2050. With a fleet encompassing over 200 ships, NS United Group has earmarked approximately $1.4 billion for fleet rejuvenation by 2030, with a substantial portion of around $290 million designated for environmental initiatives, including engine conversions. Notably, a significant portion of this investment, totaling around $1 billion, is allocated for vessels powered by alternative fuels like methanol. NS United has actively engaged in various biofuel trials and is part of a collaborative effort, alongside MAN Energy Solutions, K Line, Itochu, and Nihon Shipyard, to develop 200,000 dwt ammonia-fueled bulk carriers.

https://www.ship-technology.com/news/nyk-line-wood-chip-carrier/

NYK Line takes delivery of new wood-chip carrier

NYK) Line has taken the delivery of a new wood-chip carrier called Stellar Harmony from Imabari Shipbuilding Group’s member Iwagi Zosen.