In Singapore, the Methanol Institute (MI) said it welcomed Cargill Ocean Transportation as the entity’s newest member.
Cargill Ocean Transportation is a freight-trading organization that charters around 650 vessels worldwide.
In January 2023, Cargill Ocean Transportation announced orders for its first two methanol dual fuel kamsarmax bulk carriers with Mitsui & Co. Ltd., set for delivery in 2025-26. Two more methanol dual fuel kamsarmax bulk carriers were announced in April 2023 and a fifth in June 2023, all three with Denmark’s J Lauritzen.
“As demonstrated by their methanol dual-fuel vessel orders, Cargill is a first mover in the freight-trading segment. As Cargill tacks to methanol, MI looks forward to working with the shipping leader on their low carbon journey,” said MI CEO Greg Dolan.
“Cargill is committed to making zero carbon shipping a reality and creating relevant decarb solutions for its customers”, said Rakhi Rastogi, Shipping and Energy Analytics Lead for Cargill’s ocean transportation business. “This commitment is reflected in our membership of the Methanol Institute, and through our engagement with MI, we aim to stay at the forefront of methanol developments, leverage the expertise of the MI’s partner members, and lend our expertise to relevant MI committees.”
More on the story.
