Pacific Basin Launches Carbon Offset Service

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Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, in a press release, has announced the launch of its PB Carbon Neutral Voyage Programme.

Carbon neutral shipping

For Pacific Basin customers wanting carbon neutral shipping, the Company offers the option of voluntarily offsetting voyage emissions from the transportation of their cargoes on Pacific Basin ships.

Mr. Martin Fruergaard, CEO of Pacific Basin, said: “Major commodity producers, traders and end users – including some of our customers – have expressed increasing interest in mitigating their environmental footprint, including by beginning to offset some of their currently unavoidable direct and indirect emissions.”

With such environmentally-inclined cargo interests in mind, we look forward to partnering with our customers on carbon neutral voyages and multi-voyage “green COAs” on offer through our PB Carbon Neutral Voyage Programme,” he added.

Offsetting carbon emissions

In December last year, Pacific Basin pledged to offset all carbon emissions from its global shore-side operations starting in 2020, including all office activities, commuting and business and crew travel.

To facilitate carbon offsets for both its PB Carbon Neutral Voyage Programme and its global shore-side operations, Pacific Basin has partnered with CLP Innovation Enterprises Limited, a wholly-owned subsidiary of Hong Kong-headquartered power company CLP Holdings Limited (CLP), which is supplying Pacific Basin’s carbon emissions offset programme with independently verified carbon credits derived from CLP’s wind and solar farms in Asia.

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Source: Pacific Basin