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Pacific Basin to offset all carbon emissions

Pacific Basin to offset all carbon emissions

Pacific Basin Shipping Limited, a Hong Kong based dry bulk shipping commpany, has vowed to offset all carbon emissions from its global shore-side operations beginning in 2020.

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Both workplace activities, commuting and business and crew travel will include these.

To this end, Pacific Basin has partnered with CLP Innovation Enterprises Limited, a wholly-owned subsidiary of CLP Holdings Limited, a Hong Kong-based power company, which supplies the carbon offset program for Pacific Basin with carbon credits generated from CLP's wind farms in India.

“In addition to pledging net zero-carbon emissions from our global shore-side operations, we will offer our cargo customers the opportunity to voluntarily purchase carbon credits to offset carbon emissions from the transportation of their cargoes on Pacific Basin vessels starting in 2021. Such an arrangement is similar to carbon offsetting that airlines offer to their passengers,” stated Mats Berglund, CEO of Pacific Basin.

At current, the company operates approximately 235 dry bulk vessels, 116 of which are owned and the remainder chartered. There are over 3,900 seafarers and over 345 shore-based employees in 12 offices worldwide in the Pacific Basin.

The company revealed earlier this week that it had acquired four second-hand Ultramax vessels for $67 million in total.

Kawasaki Heavy Industry designs designed by Nantong COSCO KHI Ship Engineering Co. (NACKS), a joint venture between Kawasaki Shipbuilding Corporation and COSCO, are one of the four sister vessels with a cargo carrying capacity of over 61,000 dwt.

Maritime Business World 

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