Newly launched Stamford Green Marine is looking to attract investors and traders to establish a fleet of methanol dual-fuel ships across multiple market segments.

The joint venture between Singapore-based shipowner Stamford Shipping and Copenhagen-based methanol propulsion developer Green Marine aims to build, manage and charter out the ships, according to Stamford managing partner Mark Robert Haines.

“We intend to develop a shipowning platform, raising finance and equity to order the ships, using Stamford’s fund management expertise to bring in new investors and establish partnerships with traders,” Haines told TradeWinds..

Stamford founder Oliver van der Wyck said the company’s commercial and fund management expertise combined with Green Marine’s unparalleled methanol knowledge will put Stamford Green Marine in a “unique position to develop methanol-powered shipping projects beneficial to all stakeholders”.

Stamford Green Marine is headquartered in Singapore, which Green Marine founder Morten Jacobsen described as “the ideal location for anchoring our methanol ship owning and ship management platform” due to the city-state’s intentions to become the world’s leading methanol bunker hub.

Using third-party investor capital since its inception in 2016, Stamford Marine owns and operates a fleet comprising two ultramax bulk carriers and five handysize tankers and an aframax.

Green Marine has over a decade of experience including the design, construction and operation of the world’s first-ever methanol dual-fuel tankers. The company has taken a leading role in the development of the Singapore methanol bunkering ecosystem and providing crew training for methanol operations.