Bunker suppliers Skangas and Titan LNG join forces

Companies sign MoU to collaborate in the supply of LNG to ships in the North Sea and Baltic.

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Updated on 10 Nov 2017 12:03 GMT

Bunker suppliers Skangas and Titan LNG have signed a memorandum of understanding (MoU) that will see the two firms collaborate in the supply of LNG marine fuel to clients in northern Europe.

Skangas currently operates two vessels that are able to supply LNG fuel. The company's main operating area is the Baltic and North Sea.

Titan LNG, meanwhile, is due to take delivery of the FlexFueler1, Europe's first LNG bunkering pontoon, during the third quarter of 2018. The pontoon will be able to deliver throughout the Amsterdam-Rotterdam-Antwerp region (ARA).

"This is a step in the right directions for us," said Kimmo Rahkamo, CEO of Skangas. "Having invested heavily in making LNG available for the market in the Nordics, we can now gain from our experience and know-how in new geographical areas. This memorandum can lead to a win-win situation for both our marine customers and our two companies," he added.

Niels den Nijs, CEO of Titan LNG, remarked: "Vessels require flexibility in order to trade profitably and need to bunker in a variety of ports. Hence ship operators need flexible, reliable and rapid deliveries of LNG. By partnering with Skangas, we will develop a broader delivery scope for the operators of LNG powered vessels."

"For ship owners considering if they should go for LNG as their new fuel, there is now even less to worry about as we can assist them with both design and increased LNG availability," den Nijs added.