Amsterdam-headquartered independent LNG supplier Titan LNG has reached an agreement to charter in NYK Line’s LNG bunker vessel Green Zeebrugge.
Previously known as the Engie Zeebrugge, NYK renamed the vessel after becoming its sole owner.
The agreement sees Titan LNG charter the Green Zeebrugge for several years from February 2021. The vessel will be used to supply LNG to larger LNG-fueled vessels in the Amsterdam-Rotterdam-Antwerp (ARA) region. With the vessel’s fuel cargo capacity of 5,200 cubic meters, the charter significantly increases Titan LNG’s delivery capabilities
The Green Zeebrugge joins Titan LNG’s two already operational barges (FlexFuelers 001 and 002) and will provide better loading economics for Titan LNG.
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 carried 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.”
Longer term, the charter will increase the accessibility and uptake of LNG as a marine fuel, as the cleanest available fuel today.
“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,” says Schaap. “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, Titan LNG is nearing taking a Final Investment Decision on proceeding with the 8,000 cu.m vessel Titan LNG Hyperion, that would be available early 2023. Titan LNG says it expects to have the largest network of LNG bunkering vessels in Europe by 2025.
The company says it will 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 LNG) is under development by Titan for implementation in 2024. Of all available E-Fuels, including ammonia and methanol, says Titan LNG synthetic LNG is the only fuel with a global existing infrastructure and has the best energy density.