Skip to main content

SCRUBBER COMPANIES CLEAN MARINE AND FMSI FINALISE MERGER

Friday, January 31, 2020 

Scrubber manufacturer Clean Marine says it has completed its proposed merger, first announced in October 2019, with fellow exhaust gas cleaning systems supplier FMSI.

Norway-based Clean Marine says that joining forces with FMSI, which has locations in Norway and various Asia Pacific countries, and a production facility in Indonesia, will create one of the largest suppliers of exhaust gas cleaning kits. The joint venture will keep the Clean Marine, and says it will be able to offer rapid order turn-round and global after-sales services, as well as financing through affiliated companies.

“We are now even better equipped to satisfy our customers’ requirements and meet the increased demand for scrubbers following the implementation of new limits on sulphur emission," said Clean Marine CEO Nils Hoy-Petersen (pictured). “The merger will provide additional scale and ensure continued investment to allow us to develop new products to help our customers increase their fuel efficiency and decrease their environmental footprint.”

Tanker company Frontline will hold a stake in the combined business, having previously had shares in FMSI. Frontline has fitted scrubbers on 15 vessels, including eight VLCCs and is continuing to retrofit its fleet. Another shipping company, Navig8, is said to also have interests in the former FMSI.

Reader Comments (0)

There are currently no comments on this article. Why not be the first and leave your thoughts below.

Leave Your Comment

Please keep your comment on topic, any inappropriate comments may be removed.

Return to index

Web Analytics