Dockendale-Green Marine Launches World’s First Ship Management Firm For Methanol-Powered Vessels

Dubai-based Dockendale Ship Management and Green Marine have created the world’s first ship management firm devoted solely to methanol-powered vessels, Dockendale Green Marine Ship Management.

Image for representation purpose only

With its strategic headquarters in Dubai, this innovative project intends to offer integrated, entirely technical management services for methanol-powered ships.

Led by CEO Vikrant Gusain, the recently established joint venture highlights a common goal between Green Marine and Dockendale: advancing methanol dual-fuel ships and assisting in the marine industry’s decarbonisation.

There are 216 methanol-fueled ships on order or in service as of October 1, according to data from class society DNV. Global initiatives to promote cleaner and more sustainable marine transportation align with this expanding trend, which shows the maritime industry’s shift towards eco-friendly options.

CEO Vikrant Gusain stressed the importance of cooperation with Green Marine and the quick speed at which green shipping develops.

As the shipping industry shifts to cleaner fuel sources, he reaffirmed the joint venture’s commitment to creating a sustainable future for the sector.

Since 2012, Green Marine, a Danish marine methanol expert, has developed methanol as an eco-friendly option for marine fuel.

The company has co-designed 16 MR tankers powered by methanol and managed their construction. Every member of the firm has worked as a captain or chief engineer on a similar vessel, according to COO Morten Jacobsen, who highlighted the team’s unmatched experience.

Green Marine and Stamford Shipping formed a joint venture last month to look into potential investments in ships that run on methanol.

This project aims to construct and oversee the management of methanol-powered dual-fuel vessels in multiple market sectors.

The partnership between Green Marine and Dockendale Ship Management represents a significant step toward redefining environmental requirements in the shipping industry.

With 25 methanol-fueled ships in operation and 81 more scheduled for delivery by 2028, Dockendale Green Marine Ship Management is leading the maritime industry’s transition to a more environmentally friendly and sustainable future.

References- Splash, Offshore Energy

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