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Stamford Shipping, Inexperienced Marine Neighborhood to speculate in methanol-powered ships

Home Inexperienced Marine Stamford Shipping, Inexperienced Marine Neighborhood to speculate in methanol-powered ships

October 31, 2023,

Jasmina Ovcina Mandra

Stamford Shipping, a Singapore-basically based thoroughly mostly shipowning, industrial, and investment administration community, and Copenhagen-basically based thoroughly mostly Inexperienced Marine Neighborhood maintain entered staunch into a joint venture to search out investment alternatives in methanol-powered ships.

Illustration exclusively. Courtesy of Methanol Institute

The JV items out on a mission to make and organize, each and each commercially and technically, methanol dual gasoline propulsion vessels all the contrivance by more than one market segments. The resolution is being ascribed to the maturity of methanol as a marine gasoline that already brings environmental benefits as count on of for it scales up.

As such, the duo believes that the improvement of methanol propulsion engines gives an very just staunch alternative to speculate in ‘commercially viable sustainable transport’.

“Now we maintain known Singapore because the staunch allege for anchoring our methanol shipowning and ship administration platform. Alongside with Stamford, we’re already constructing several newbuilding tasks and we’re infected as Inexperienced Marine extra diversifies all the contrivance by the marine methanol spectrum,” Morten Jacobsen, Founder, Inexperienced Marine, said.

“This joint venture is one example of Stamford’s commitment to Singapore-basically based thoroughly mostly sustainable transport and to be a leader in emissions administration and cut worth. Stamford’s industrial and fund administration journey blended with Inexperienced Marine’s unparalleled methanol recordsdata will keep us in a clear contrivance to carry out methanol-powered transport tasks important to all stakeholders,” Oliver van der Wyck, Founder, Stamford Shipping, said.

Teo Eng Dih, Chief Executive, Maritime and Port Authority of Singapore, welcomed the joint venture on behalf of the port authority including that Singapore will rep investment alternatives and organize methanol-associated propulsion vessels.

“There is doubtless for low-emission methanol to play a job especially when made from biogenic or renewable sources. This can enhance the maritime decarbonisation efforts and add to Singapore’s multi-gasoline bunkering ability. We gaze forward to working closely with Stamford Shipping and Inexperienced Marine and their contemporary joint venture,” Dih added.

Chris Chatterton, Chief Commercial Officer, The Methanol Institute, believes that the joint venture recognises that methanol has accomplished a excessive level of market acceptance among shipowners and operators who can contrivance on technical and operational journey to enhance their investments in sustainable transport.

The Methanol Institute plans to proceed to enhance its members and all occasions who love to have interaction in the decarbonization process and understand what methanol can bring to them, Chatterton added.

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