Denmark-headed marine and maritime industry investment company J. Lauritzen A/S has announced that it has recently signed a Letter of Intent (LoI) for the construction of a minimum of two methanol dual-fuel 81 200 dwt Kamsarmax bulk carriers in partnership with Cargill Inc.
According to a statement, the vessels will be built by Tsuneishi Shipbuilding Co. Ltd, Japan, and be capable of trading with zero carbon emissions when powered by green methanol, and biodiesel.
They will be among the very first zero-emission capable bulk carriers in the world, and they 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.
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, said Kristian Morch, CEO of J. Lauritzen.
The vessels are ordered in partnership with Cargill Inc., which will be operating the vessels for a minimum period of seven years. The partnership is facilitated by Copenhagen Commercial Platform (CCP), which will also be involved in operating and further developing the partnership
It is great to see reputable companies like J. Lauritzen joining the decarbonization 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, said Jan Dieleman, President of Cargill Ocean Transportation.
