Methanol-Fueling Pioneer Marinvest Acquired by New JV

Clean Sea Transport has acquired 100% of the shares in Marinvest AB and its managed fleet of five modern dual-fuel methanol carriers and four LR1 ice class 1A product tankers. The methanol carriers are on long term charters of up to 15 years to a Marinvest joint venture partner, Waterfront Shipping Limited, a subsidiary of Methanex Corporation, the world’s largest producer of methanol.

Based in Gothenburg, Sweden, Marinvest is a shipping company founded in 1988 by the late Lars Mossberg, an innovator in the shipping sector who developed and managed one of the world’s first methanol-powered commercial vessels.

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