Pacific Basin Shipping (HK:2343) has released an update.
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Pacific Basin Shipping is set to enhance its fleet with the construction of two dual-fuel methanol vessels, representing a $93 million investment. These new vessels, capable of running on green methanol and conventional fuel oil, align with the company’s strategy to achieve net-zero emissions by 2050. The initiative underscores Pacific Basin’s commitment to reducing carbon intensity while maintaining competitive advantages.
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