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Methanol focused ship management joint venture launched

Photo: Green Marine Bulker at sea
Mumbai-based Dockendale Ship Management and methanol specialists Danish Green Marine are launching a joint venture ship management company focused on methanol-powered ships.

The two companies have inked an agreement to form Dockendale Green Marine Ship Management.

"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,” said Dockendake.

Dockendale provides technical management and crewing for its parent company, bulker specialist MUR Group, with offices in Mumbai and Dubai. It has a pool of 2,000 seafarers and manages a fleet of more than 50 Handysize, Handymax and Panamax bulkers. 

Green Marine is a team of methanol experts with experience in methanol-fueled propulsion dating back to 2012. Some of its consultants worked on a fleet of 16 MR tankers fueled by methanol, and all have worked aboard methanol-fuelled vessels, either as chief engineers or masters. 

"It is by far the most experienced methanol team globally. We are very excited to team up with Dockendale on 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," said Green Marine founder and CEO Morten Jacobsen, who will serve as the JV's chief operating officer. 

Maersk Line, a pioneer in the field, has ordered a total of 25 dual-fuel methanol container ships. Other players include Evergreen, Cosco/OOCL, CMA CGM and X-Press Feeders, along with a range of methanol-powered operators in other segments.