Pacific Basin orders methanol dual-fuel ultramaxes

Hong Kong-based dry bulk shipping giant Pacific Basin has ordered four methanol dual-fuel ultramaxes at Japan’s Nihon Shipyard for delivery between 2028 and 2029.  Two of the 64,000 dwt vessels are contracted jointly with Nihon Shipyard and Imabari Shipbuilding, and the other two newbuilds are agreed with Japanese trading house Mitsui & Co. The ships …