|Titan LNG charters bunker vessel Green Zeebrugge|
|Supplier bolsters LNG delivery capacity in north-west Europe.
|The Green Zeebrugge, pictured supplying LNG to the car carrier Siem Confucius. Image credit: Titan LNG|
|Updated on 05 Feb 2021 10:57 GMT
|Bunker supplier Titan LNG has agreed with Japan's NYK Line to charter the dedicated LNG bunker vessel Green Zeebrugge.
The agreement sees Titan charter the Green Zeebrugge on a long-term basis from February 2021. It is to be used to perform deliveries to larger LNG-fuelled ships in the Amsterdam-Rotterdam-Antwerp (ARA) region.
Previously known as the Engie Zeebrugge, NYK renamed the vessel Green Zeebrugge after becoming its sole owner.
With a chilled fuel cargo capacity of 5,200 cubic meters (cbm), the latest charter significantly increases Titan's delivery capabilities.
The supply tanker joins Titan's two already-operational barges - FlexFueler 001 and 002 - and will provide better loading economics for the firm.
Michael Schaap, Titan LNG's Commercial Director Marine, commented: "We are excited to announce the chartering of the Green Zeebrugge. January has proven exceptionally busy, underlining the timeliness of our decision to secure this additional capacity. Titan LNG caried out seven LNG operations during one weekend, three of which were to large crude shuttle tankers from Equinor, a term contract partner of Titan's. Using the Green Zeebrugge we were able to ensure safe and timely deliveries to all the vessels."
Schaap added: "The use of LNG as a marine fuel has a multitude of benefits - not least its clear pathway to meeting decarbonization targets through the introduction of bio and synthetic LNG. Establishing agreements such as these will help provide greater accessibility to the fuel, enabling more shipping companies to start the journey towards a zero-carbon future today. The expansion of our service area provides excellent opportunities for Titan LNG to gain new customers and serve our current ones even better."
With the anticipated further acceleration of LNG bunkering demand, Amsterdam-headquartered Titan is taking steps to help improve the supply infrastructure in European ports.
The Titan LNG Hyperion - a 8,000-cbm vessel that is nearing Final Investment Decision - is extra proprietary capacity that would be available in early 2023. By 2025, Titan expects to have the largest network of LNG bunkering vessels in Europe.
In terms of product development, Titan says it will soon supply bio-LNG - made using waste and agricultural and forestry residues - that can be dropped in and blended with LNG using existing infrastructure and engine technology.
Additionally, the next step of using synthetic fuels (e-fuels) derived from green hydrogen is under development by Titan for implementation in 2024.