GREEN MARINE GROUP

What GREEN MARINE GROUP does

Green Marine Group is a privately held maritime decarbonization consultancy and advisory firm headquartered in Copenhagen, Denmark, organized around a three-pillar ecosystem: Engineering, Education, and Fuels Trading. The Engineering division provides methanol dual-fuel vessel design, construction supervision, feasibility studies, and project management services, leveraging a team with over 100,000 hours of operational experience at sea. The Education division delivers STCW-compliant and specialized methanol training programs for seafarers and technical teams through partnerships with Maersk Training, PrimeServ Academy, Singapore Polytechnic, Lloyd's Register, and IBIA. The Fuels Trading division handles origination, off-take intermediation, storage, trading, and distribution of renewable methanol as marine fuel, with over 1 million tons secured for delivery from 2026 across Shanghai Lingang, Tianjin, Singapore, and Rotterdam.

The firm's business model is project-based enterprise consulting with multi-year contracts, supplemented by per-seat training program fees and emerging transactional fuel trading revenue. Co-developers of the world's first methanol dual-fuel ship designs and involved in approximately 70% of all methanol dual-fuel orders globally, Green Marine operates from offices in Denmark, Sweden, Switzerland, the Philippines, Singapore, and China, plus a ship management joint venture headquartered in Dubai with Dockendale Ship Management. Proprietary and co-developed technology includes the Methanol Superstorage SPS solution with SRC Group, methanol-to-hydrogen reformer sales representation for e1 Marine in Northern Europe, and an immersive VR/AR training platform developed with Singapore Polytechnic. Customer segments span shipowners and operators seeking fleet decarbonization, shipyards building or retrofitting methanol dual-fuel vessels, maritime training institutions, and methanol producers seeking market access. The company is privately held with no disclosed institutional investors or funding rounds.

Name

GREEN MARINE GROUP

Legal name

Green Marine

Website

https://greenmarine.dk

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Maritime Decarbonization Advisory Services

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)

SIC

Ship & Boat Building & Repairing (3730), Water Transportation (4400)

akta.pro primary industry

Alternative Low-Carbon Marine Fuels Bunkering (Methanol, Biofuels, Ammonia, Hydrogen) (TLAHAKAC)

akta.pro secondary industries

Classification Society & Flag-State Liaison / Plan Approval Support (IMAJAGAN), Marine Diesel & Dual-Fuel Engines (IMAJAHAA), Fuel & Emissions Systems for Propulsion (Fuel supply, SCR, EGR, exhaust aftertreatment) (IMAJAHAK)

Keywords

• Maritime decarbonization advisory
• Methanol marine fuel solutions
• Dual-fuel vessel engineering
• Maritime crew training services
• Green fuel trading bunkering

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Engineering and Consulting Services: Advisory services for shipowners and maritime players throughout the process of retrofitting and new building projects. Services include methanol feasibility studies, design optimization, construction supervision, and project management for methanol dual-fuel vessels.
2. Education and Training Programs: Specialized methanol training programs for seafarers and technical teams, including STCW-compliant courses, specialized methanol fuel training, and custom programs. Delivered through partnerships with Maersk Training, PrimeServ Academy, and Singapore Polytechnic.
3. Fuels Trading and Distribution: GreenMarine Fuels Trading focuses on origination, off-take intermediation, storage, trading, and distribution of renewable methanol as marine fuel. The division connects producers and consumers globally, initially focusing on Shanghai Lingang, Tianjin, Singapore, and Rotterdam.
4. Ship Management Services: Through the Dockendale Green Marine Ship Management joint venture, providing fully integrated crewing and technical management of methanol powered ships from the Dubai-headquartered company.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Green Marine Group provides integrated advisory, engineering, and project management services for the methanol marine fuel value chain. The company advises shipowners, operators, and shipyards on methanol dual-fuel vessel design, construction supervision, retrofitting, training, and green fuel sourcing, trading and bunkering. Three core divisions (Engineering, Education, Fuels) deliver turnkey methanol-powered maritime transition solutions globally.

Product overview

Green Marine Group is a maritime transition advisory and project management firm organized around three core divisions—Engineering, Education, and Fuels Trading—providing an integrated methanol marine fuel ecosystem. The Engineering Division offers methanol dual-fuel vessel design, construction supervision, feasibility studies, and technical support. The Education Division delivers STCW-compliant training programs and specialized methanol courses for seafarers and technical teams. The Fuels Trading Division handles sourcing, storage, trading, and bunkering of renewable methanol. These divisions are complemented by strategic partnerships including Maersk Training for maritime education, SRC Group for Methanol Superstorage solutions, and Singapore Polytechnic for VR/AR training platforms. The company also operates Dockendale Green Marine Ship Management as a joint venture providing dedicated methanol ship management services. With offices in Denmark, Sweden, Switzerland, Philippines, Singapore, and China, Green Marine supports shipowners, operators, and shipyards across the entire methanol value chain.

Differentiator

Problem solved

Functional benefit

Brands

• Maersk Training powered by Green Marine: Joint training program with Maersk Training for methanol fuel training covering technical mechanics, safety protocols, and energy-efficient shipping operations.

Products and services

• Engineering Division Services (Methanol Dual-Fuel Vessel Design and Construction Supervision) Comprehensive engineering services for methanol dual-fuel vessels including design, construction supervision, feasibility studies, HAZID/HAZOP assessments, project management, and troubleshooting. The team consists of Technical Directors, Masters and Chief Engineers with over 100,000 hours of methanol operating experience, serving shipowners and maritime players on retrofitting and newbuilding projects.
• Education Division (STCW-Compliant Methanol Training Programs) STCW-compliant and specialized training programs for seafarers on methanol-powered vessels, including STCW IGF Code courses, Marine Methanol Fuel Training courses, Advanced Methanol Firefighting, Methanol Dual Fuel Engine courses, and customized programs delivered by experienced Captains and Chief Engineers.
• Fuels Trading Division (Renewable Methanol Supply Chain Services) Renewable methanol supply chain services including origination, off-take intermediation, storage, trading, distribution and marketing. Initially focusing on Shanghai Lingang, Tianjin, Singapore and Rotterdam with vision for global reach. Provides customized fuel blends such as 80/20 methanol blends.
• Methanol Bunkering Services End-to-end methanol bunkering services connecting producers and consumers globally. Includes procurement, sales, and bunkering operations with strategic partnerships for storage infrastructure in key ports.
• Methanol Superstorage (SPS Sandwich Plate System) Advanced methanol storage solution developed with SRC Group using SPS Technology Sandwich Plate System. Boosts shipboard tank volumes by 85% compared to traditional cofferdams, addressing methanol's lower energy density.
• Immersive VR/AR Methanol Bunkering Training Platform Immersive technology platform developed with Singapore Polytechnic's Centre of Excellence in Maritime Safety (SP CEMS) using virtual reality (VR) and augmented reality (AR) to replicate real-life methanol bunkering scenarios for risk-free training.
• Green Fuels Trading Platform Online trading platform established in the Lingang Special Area providing methanol producers and downstream enterprises with tools to manage long-term methanol price fluctuations and facilitate physical transactions of methanol marine fuel.
• Dockendale Green Marine Ship Management World's first ship management company dedicated to methanol-powered ships, established as joint venture with Dockendale Ship Management DMC Co. Headquartered in Dubai, providing fully integrated crewing and technical management services.
• Maersk Training powered by Green Marine Training program partnership with Maersk Training offering comprehensive training portfolio encompassing technical training, safety procedures, and best practices for energy-efficient methanol operations. Delivered through simulations, online modules, and instructor-led courses.

Quantifiable outcome

• 85% increase in shipboard tank volumes through Methanol Superstorage technology
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered core and important.

• PrimeServ Academy ShanghaicoreStrategic or Co-development Partner · 9 January 2025Strategic collaboration in methanol training to support maritime industry's transition to methanol as marine fuel. Signing ceremony held January 9th, 2025. Collaboration provides comprehensive training solutions addressing knowledge gaps between theoretical regulation and practical experience in methanol use as marine fuel.
• SRC GroupcoreStrategic or Co-development Partner · 18 June 2024Collaborative agreement to develop and deliver Methanol Superstorage to market. Partnership combines SRC's Methanol Superstorage solution (boosting shipboard tank volumes by 85%) with Green Marine's extensive methanol project experience and technical knowledge. Working together for both retrofit and new build vessels to establish global sales framework.
• Royal Vopak TerminalscoreStrategic or Co-development Partner · 11 June 2024Strategic collaboration for green methanol port storage facilities in Shanghai Caojing and Tianjin Lingang, China. Agreement secures necessary port storage capacity to accommodate projected supply of green methanol from Chinese business partners. LOI shows collaboration for Green Marine securing storage facilities, with similar cooperation planned for Vopak Singapore.
• Maersk TrainingcoreStrategic or Co-development Partner · 24 April 2024Strategic partnership to establish 'Maersk Training powered by Green Marine' as the leading provider of training solutions for transition to sustainable maritime fuels, with initial focus on methanol. Partnership offers comprehensive training portfolio encompassing technical training, safety procedures, and energy-efficient operations delivered through simulations, online modules, and instructor-led courses.
• Maritime Industry Authority (MARINA – DOTC)coreStrategic or Co-development Partner · 11 April 2024Partnership formalized through MOU to advance green transition of the maritime sector in the Philippines. Focus areas include enhancing regulatory frameworks, adopting innovative technologies, developing training programs, and advancing sustainable solutions. MOU signed by MARINA Administrator Ms. Sonia Malaluan and Green Marine Copenhagen CEO Mr. Morten Thomas Jakobsen.
• China (Shanghai) Pilot Free Trade Zone Lingang Special Area AdministrationcoreStrategic or Co-development Partner · 2 April 2024Strategic cooperation agreement establishing Green Marine's inaugural office in China. Green Marine will pioneer the premier methanol bunkering training and certification center and establish an online 'Green Fuels Trading Platform' within Lingang Special Area.
• Lloyd's Register (LR)coreStrategic or Co-development Partner · 11 January 2024Strategic partnership to lead in solutions for methanol as marine fuel with prime focus on training. Partnership combines Green Marine's experience-based training delivered by ex-captains and chief engineers with LR's expertise in rules, risk assessment, risk management, and human factors.
• Dockendale Ship ManagementcoreStrategic or Co-development Partner · 13 November 2023Joint venture establishing Dockendale Green Marine Ship Management, the world's first ship management company dedicated to methanol powered ships. Headquartered in Dubai with key leadership including CEO Vikrant Gusain, COO Morten Jacobsen, CTO Fredrik Stubner, and CFO Michael Herb.
• Singapore Polytechnic Centre of Excellence in Maritime Safety (SP CEMS)importantStrategic or Co-development Partner · 10 November 2023Landmark research collaboration to develop an immersive technology platform for methanol bunkering training using virtual reality (VR) and augmented reality (AR). Partnership aims to create innovative safety protocols and promote methanol as green marine fuel.
• TotalEnergies Marine FuelsimportantStrategic or Co-development Partner · 29 July 2023Joint development study on methanol as new marine fuel in Singapore. Partnership studies feasibility to implement viable methanol bunkering supply chain, combining experience in bunkering operations, methanol production, decarbonization solutions, and safe handling practices.
• International Bunker Industry Association (IBIA)importantStrategic or Co-development Partner · 3 July 2023Cooperation agreement to develop methanol bunkering training programme with support from Methanol Institute. Plan to commence training in Singapore first and expand globally in 2024. Partnership addresses competency needs for crew on bunker tankers and bunker surveyors.
• Methanol InstituteimportantStrategic or Co-development Partner · 1 January 2023Green Marine joined as member of the Methanol Institute, the global trade association for the methanol industry. Green Marine's expertise complements the Institute's role in promoting methanol as clean fuel for land and marine transport, power generation, and other applications.
• e1 MarineimportantChannel Partner/ Reseller/ Distributor · 11 October 2022Sales agreement where Green Marine Engineering serves as e1 Marine's sales representative in northern Europe for methanol-to-hydrogen reformer technology. Partnership focuses on enabling shipowners to meet decarbonization goals using methanol-reforming technology.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Lloyd's Register: Global classification society that provides ship classification, certification, advisory and increasingly training for alternative fuels. Lloyd's Register is a current Green Marine partner for training but also a potential competitor in methanol advisory and rule-setting services.
• Bureau Veritas: Global classification society providing marine certification, advisory and fuel-readiness services. Comparable to Green Marine in advising shipowners and yards on alternative-fuel newbuilds and retrofits, including methanol, though as part of a broader classification and testing portfolio.
• American Bureau of Shipping (ABS): Global classification society offering ship classification, advisory, and sustainability services including alternative-fuel readiness assessments. Comparable in providing rule-based certification and decarbonization advisory to shipowners and yards considering methanol newbuilds.
• DNV: Leading classification society with an established maritime decarbonization advisory practice covering alternative fuels, including methanol, ammonia, and hydrogen. Comparable in offering shipowners rule-based certification, feasibility studies, and crew training — directly adjacent to Green Marine's engineering and education pillars.
• MAN Energy Solutions: Marine engine OEM whose ME-LGIM methanol dual-fuel platform underpins most methanol newbuilds. Green Marine co-developed the world's first methanol dual-fuel ship designs with MAN and delivers training via MAN's PrimeServ Academy — making MAN both a partner and an adjacent service provider in the same ecosystem.
• Wärtsilä: Marine engine OEM and lifecycle services provider offering dual-fuel engine technology, shipowner's advisory, and digital services. Comparable to Green Marine's engineering and Fuels pillars through engine integration support and decarbonization consulting, though tied to Wärtsilä's own product portfolio.
• RINA: Classification society and marine engineering consultancy active in alternative-fuel advisory, including methanol and ammonia. Comparable in offering classification, design verification, and transition advisory services to shipowners and yards — overlapping with Green Marine's Engineering division.

Emerging players

• Methanex: World's largest methanol producer actively expanding into marine fuel supply. Comparable as a methanol value-chain participant to Green Marine's Fuels Trading division, though operating from the production side rather than as a maritime-focused intermediary.
• Clean Marine Energy: Marine fuel transition consultancy and bunker advisory serving shipping operators on LNG and alternative fuels. Comparable as a smaller, transition-focused maritime advisory working with shipowners and operators — though Clean Marine Energy's historical focus has been LNG, not methanol.
• Proman: Integrated methanol and ammonia producer with growing marine bunker and shipping interests (e.g., methanol bunkering at Port of Amsterdam). Comparable to Green Marine's Fuels pillar through methanol offtake and bunkering services targeting shipowners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GREEN MARINE GROUP