Cryopeak and Island Tug & Barge sign MOU on LNG bunkering

Written by Nick Blenkey
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ITB's ATB tug Island Regent seen pushing double hulled refined petroleum products barge

Richmond, B.C., based Cryopeak LNG Solutions Corporation has signed a Memorandum of Understanding with Island Tug & Barge Ltd. to deliver LNG bunkering services in southwest British Columbia.

Cryopeak and ITB have developed a design for a 4,000 cu.m articulated tug and barge that is planned to be in operation in 2023. A key feature of the solution is that it will leverage one of ITB existing tugs designed and built in Vancouver to deliver LNG as a fuel to shipping companies calling to ports on the West Coast.

Island Tug and Barge (ITB), a subsidiary of Tidewater Canada, Inc., is the West Coast’s largest Canadian bulk transporter of refined petroleum products. Its fleet includes two recently delivered Robert Alan designed twin Z-drive, ATB push tugs constructed at its own Annacis Island Shipyard, the second of which, Island Regent, was delivered in June last year (see earlier story).

“We are excited to partner with Island Tug & Barge to combine ITB’s marine operations expertise with Cryopeak’s expertise in LNG distribution and project development. We look forward to developing this initiative and supporting the use of LNG as a marine fuel on the West Coast,” says Calum McClure, CEO of Cryopeak. “This initiative supports the Port of Vancouver in joining other leading ports globally in offering LNG bunkering services.”

Cryopeak has engaged with local First Nations to develop business opportunities associated with the project.

Cryopeak says that the project is in line with its strategy of being a vertically integrated and full-service provider of LNG to Western and Northern Canada, as well as Alaska.

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