Green Marine and Dockendale Form JV for Methanol Ship Management

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Green Marine Dockendale JV ship manage methanol

Dockendale and Green Marine establish world’s first ship management company dedicated to Methanol powered Ships

Global ship management services provider Dockendale Ship Management DMC CO and methanol marine specialist Green Marine are pleased to announce the formation of 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 unique and technical expertise and specifically highly sought after 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. 

This partnership marks a significant step towards establishing new standards in environmentally responsible shipping, aligning with the industry’s transition to cleaner and more sustainable marine transportation. 

Vikrant Gusain, CEO commented: “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.” 

Morten Jacobsen, COO 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.” 

Dockendale Ship Management DMC Co is a global ship management services provider specialising in the dry bulk shipping segment. Founded in 1950, we continue to build upon our decades of technical expertise and seafaring knowledge through the tremendous collaboration between our more than 2,000 seafarers and 103 onshore colleagues. Dockendale is headquartered in Dubai with additional offices in the Philippines and India.

Green Marine is headquartered in Denmark and has offices in Copenhagen, Gothenburg, Geneva, Manila and Singapore. GREEN MARINE’s value proposition covers the entire methanol marine fuel value chain from design to construction supervision, technical management and operations, specialized methanol dual fuel crew training as well as methanol bunkering. 

Source Green Marine Group