Nov 15, 2023 | Maritime business news, Uncategorised

Dubai-based ship management services provider Dockendale Ship Management and Danish methanol marine specialist Green Marine have formed a joint venture to focus on fully integrated crewing and technical management of methanol powered ships.

Through this joint venture Dockendale and Green Marine bring together their technical expertise and specifically methanol marine experience to assist shipowners in accelerating the transition to a methanol powered maritime future.

Under the terms of the agreement, a new company, Dockendale Green Marine Ship Management is being established, headquartered strategically in Dubai. In addition, key leadership appointments have been made and include CEO Vikrant Gusain, COO Morten Jacobsen, CTO Fredrik Stubner, and CFO Michael Herb. The partnership is considered to be a significant step towards establishing new standards in environmentally responsible shipping, aligning with the industry’s transition to cleaner and more sustainable marine transportation.

Gusain said: “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. Green shipping is moving at an incredibly rapid pace, and we felt it was an opportune time to bolster our ship management service offerings and demonstrate our commitment to building a more sustainable future for shipping.”

Jacobsen added: “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. Our team has hands-on experience in technical management and operations that dates back to 2016 and every team member has served onboard a methanol-powered tanker vessel as either Chief Engineer or Captain. It is by far the most experienced methanol team globally. We are very excited to team up with Dockendale in this JV and we are proud to have found a partner with a shared commitment to support the industry with safe and efficient operation of methanol-powered ships.”

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