J Lauritzen has hired ex-Golden Ocean CEO Ulrik Andersen to grow its green-focused bulker company, Lauritzen NexGen, a new partnership with commodities giant Cargill.

Lauritzen NexGen has three kamsarmax bulkers under construction, which will be dual-fuelled with methanol.

Andersen wrote on LinkedIn: “In my new role, I will be leading the growth of J Lauritzen’s ambitious green shipping initiative, NexGen, through further investments in zero-emission-capable assets.