Titan LNG charter ups fuel accessibility

The LNG supplier has agreed with Japanese shipping and logistics company, NYK Line to charter the Green Zeebrugge LNG bunker vessel for several years from February 2021. Titan LNG already operates the FlexFueler001 and FlexFueler002 bunker barges in the region.

Michael Schaap, Titan LNG’s commercial director of 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.”

More demand

This deal comes as LNG bunkering demand continues to increase. The Green Zeebrugge has a chilled fuel cargo capacity of 5200 cubic meters, and is expected to provide better loading economics for Titan LNG, while increasing the accessibility and thereby the uptake of LNG as a marine fuel.

The 8000 cbm Titan LNG Hyperion is nearing Final Investment Decision and is due to be available early 2023. Titan LNG expects to have the largest network of LNG bunkering vessels in Europe by 2025.

Titan LNG’s Marine Assessment Tool, launched last year, has demonstrated the need to increase information-share on the cost, quantity and availability of LNG — for existing and prospective users of the fuel.

Titan LNG will soon supply bio-LNG which can be dropped in and blended with LNG using existing infrastructure and engine technology. The next step of using green hydrogen to convert into E-Fuels (synthetic LG) is under development by Titan for implementation in 2024.

Green Zeebrugge was previously known as the Engie Zeebrugge. NYK renamed the vessel after becoming its sole owner.