Stamford Shipping and Green Marine announce JV to develop investment opportunities in methanol powered ships
In Denmark, Green Marine Copenhagen said that it has formed a joint venture in Singapore with Stamford Ship Management to build and manage, both commercially and technically, methanol dual fuel propulsion vessels across multiple market segments.
Morten Jacobsen, Founder, Green Marine, said: “We have identified Singapore as the ideal location for anchoring our methanol ship owning and ship management platform. Together with Stamford, we are already developing several newbuilding projects and we are excited as Green Marine further diversifies across the marine methanol spectrum.”
Oliver van der Wyck, Founder, Stamford Shipping, said: “This joint venture is one example of Stamford’s commitment to Singapore based sustainable shipping and to be a leader in emissions management and reduction. Stamford’s commercial and fund management expertise combined with Green Marine’s methanol knowledge will put us in a unique position to develop methanol powered shipping projects beneficial to all stakeholders.”
Headquartered in Copenhagen, Green Marine has subsidiaries in Singapore, Gothenburg, Geneva and Manila.
Category: Fuels
