- High costs and uncertainty of decarbonisation investments (retrofits, newbuilds, sustainable fuels).
- Uncertainty about the availability of sustainable fuels.
- Difficulty in passing increased fuel and operational costs along the value chain.
- Increased drug smuggling and the unjust criminalisation of seafarers.
- Security risks in the maritime field (piracy, robbery, drug smuggling).
Pacific Basin Shipping Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Pacific Basin Shipping Limited disclosed greenhouse gas emissions of 4.3M tCO2e/year. By scope: Scope 1: 1.0M tCO2e/year (owned fleet) + 1850000 tCO2e/year (chartered fleet); Scope 2: 346 tCO2e/year; Scope 3: 651.1K tCO2e/year (fuel & paints) + 345000 tCO2e/year (chartered fleet) + 2728 tCO2e/year (onshore activities) + 5605 tCO2e/year (crew travel). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
4.3M tCO2e/year
2023
Water Usage
46.4 tonnes/month/ship
2023
Waste
1.86 m3/month/ship
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.0M tCO2e/year (owned fleet) + 1850000 tCO2e/year (chartered fleet) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 346 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 651.1K tCO2e/year (fuel & paints) + 345000 tCO2e/year (chartered fleet) + 2728 tCO2e/year (onshore activities) + 5605 tCO2e/year (crew travel) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 4.3M tCO2e/year |
| 2022 | 4.3M tCO2e/year |
| 2020 | 1.4M tCO2e (owned fleet) |
| 2019 | 1.4M tCO2e (owned fleet) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced EEOI carbon intensity by 12.1% to 8.49 grams of CO2 per tonne-mile in 2023.
- Achieved 91% of owned ships with a CII rating of A, B, or C.
- Applied silicone hull coating to seven owned ships, resulting in significant fuel savings of around 8%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce LTIF to less than 0.50 in 2024.
- Reduce fresh water sourced from ashore to less than 46.4 tonnes per month per ship in 2024.
- Achieve <1.8 m3 per month per ship garbage landed in 2024.
📅 Medium-term
- Reduce EEOI carbon intensity by 50% by 2030 compared to 2008.
- Green fuel to make up 5% of fuel mix by 2030.
- Operate first dual-fuel LEV well before 2030.
🔭 Long-term
- Net Zero emissions by 2050.
🌱 ESG Focus Areas
Carbon & GHG Emissions ReductionEmployee Safety, Health & WellbeingGood Management & Corporate GovernanceDiversity, Equity & InclusionResponsible Business Practices & Cargo Carriage