Cargill has linked with trading house Mitsui & Co to order two at Japan’s Tsuneishi Shipbuilding. The landmark vessels are scheduled to deliver in the first quarter of 2026. No price has been revealed.
Japanese shipyards are eagerly awaiting further methanol-fuelled bulk carrier orders with Hong Kong’s Pacific Basin likely to be among the first shipowners to sign up. Pacific Basin is working with Mitsui & Co and Nihon Shipyard, Japan’s largest shipbuilding conglomerate, on its first methanol-fuelled orders, due to be announced soon.
Analysis from class society DNV shows methanol was the second most popular alternative fuel choice for newbuild orders last year after LNG, with 35 ships ordered, bringing the total count to 82 ships.
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