World’s 1st Ship Management Company For Methanol-Powered Vessels Created


India-based ship management services provider Dockendale Ship Management and Danish methanol marine specialist Green Marine have created Dockendale Green Marine Ship Management, the world’s first ship management company exclusively dedicated to methanol-powered ships.

Methanol fueled vessels

Strategically located in Dubai, the United Arab Emirates (UAE), the company will focus on fully integrated crewing and technical management of methanol-fueled vessels.

Through this joint venture, the two companies bring together their technical expertise and methanol marine experience to assist shipowners in accelerating the transition to a methanol-powered maritime future.

“Our partnership with GREEN MARINE is the result of a shared vision to advance methanol dual-fuel ships and as a result, decarbonisation of the maritime industry,” Vikrant Gusain, CEO of the newly formed joint venture, pointed out.

MR tankers

“GREEN MARINE’s team of methanol experts have been involved with the evolution of methanol as a marine fuel since 2012 in addition to having co-developed the design and overseen the construction of 16 methanol-powered MR tankers to date,” Morten Jacobsen, COO, said.

Last month, Green Marine entered into a joint venture with Stamford Shipping, a Singapore-based shipowning, commercial, and investment management group, to explore investment opportunities in methanol-powered ships. The JV sets out on a mission to build and manage, both commercially and technically, methanol dual fuel propulsion vessels across multiple market segments.

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Source : Off shore energy