J. Lauritzen and Cargill order two methanol dual-fuel Kamsarmax bulk carriers

The vessels will be built by Tsuneishi Shipbuilding, Japan, and be capable of trading with zero carbon emissions when powered by green methanol, and bio diesel. They will be among the very first zero emission capable bulk carriers in the world, and will be fully owned by a newly established entity named ‘Lauritzen NexGen Shipping’, which J. Lauritzen and Lauritzen Bulkers will use as a platform for further investments in zero carbon emission and future proof assets for the shipping industry.

The carriers have been ordered as part of a partnership with Cargill, who will operate the vessels for a minimum period of seven years.

Kristian Morch, CEO of J. Lauritzen, comments:

“We are very happy with this transaction, as it is important for J. Lauritzen and Lauritzen Bulkers to participate actively in the decarbonization of the shipping industry, and we are proud to be able to do so in a visionary partnership with Cargill, who are sharing our ambition to truly drive change in our industry.”

Jan Dieleman, Cargill’s president of Ocean Transportation, added:

“It is great to see reputable companies like J. Lauritzen joining the decarbonisation journey with such a bold step. We look forward to partnering with them to help move the industry forward in the zero-carbon fuel space.”

The partnership is facilitated by Copenhagen Commercial Platform (CCP), who will also be involved in operating and further developing the partnership.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/12042023/j-lauritzen-and-cargill-order-two-methanol-dual-fuel-kamsarmax-bulk-carriers/