Danish investment company J. Lauritzen is expanding its partnership with Cargill by adding a third methanol dual-fuel 81,200 dwt Kamsarmax bulk carrier to its existing order of two vessels.

J. Lauritzen said the vessels are capable of trading with zero carbon emissions when powered by green methanol, and bio diesel. All three vessels will be built by Tsuneishi Group Shipbuilding.

Like the first two vessels, the third vessel will be fully owned by Lauritzen NexGen Shipping and be operated by food and beverage manufacturing specialist Cargill for a minimum period of seven years.

The first two vessels were ordered in April this year. The two-methanol dual-fuel 81,200 deadweight Kamsarmax bulk carriers are expected to be delivered in 2024-25.

J. Lauritzen said at that time that the partnership was facilitated by Copenhagen Commercial Platform (CCP), which will also be involved in operating and further developing the partnership.

Shipping Telegraph reported in April the move of the investment firm J. Lauritzen to proceed in the ordering of the two methanol dual-fuel Kamsarmax bulk carriers to be built in the Japan´s shipyard Tsuneishi Group.

The vessels will be powered by green methanol and bio diesel 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.