Titan LNG Secures Long-term Charter of NYK Vessel

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  • Titan LNG is chartering the 5,200 cbm-capacity Green Zeebrugge bunker vessel – formerly known as the Engie Zeebrugge – for ‘several years.’
  • The Green Zeebrugge joins Titan LNG’s two bunker barges already in operation, FlexFuelers 001 and 002, and will provide ‘better loading economics’ for the company.

Titan LNG, a world-leading independent LNG supplier, has agreed with Japanese shipping and logistics company, NYK Line to charter the dedicated LNG bunker vessel, Green Zeebrugge, reads the company news.

Previously known as the ‘Engie Zeebrugge,’ NYK renamed the vessel the ‘Green Zeebrugge’ after becoming the sole owner of the vessel.

LNG fuel to large vessels

The agreement sees Titan LNG charter 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 chilled fuel cargo capacity of 5200 cubic meters, the chartering will significantly increase Titan LNG’s deliveries.

The Green Zeebrugge will be the third addition to Titan LNG’s existing operational barges (FlexFueler’s 001 and 002) and will provide better loading economics for the company.

LNG marine fuel charter

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,” said Michael Schaap, Titan LNG’s Commercial Director Marine.

He added, “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.”

In the long term, this charter will increase the accessibility and uptake of LNG as a marine fuel, added the company.

Demand for LNG bunkering

With the anticipated further acceleration of LNG bunkering demand, Titan LNG said it is taking bold steps to realise the needed infrastructure in European ports.

The Titan LNG Hyperion, a 8000cbm vessel that is nearing Final Investment Decision, will give the company extra proprietary capacity and will be available early 2023. Titan LNG said it expects to have the largest network of LNG bunkering vessels in Europe by 2025.

Titan LNG will also soon supply bio-LNG which can be dropped in and blended with LNG using existing infrastructure and engine technology. Of all currently available E-Fuels like ammonia and methanol, synthetic LG is the only fuel with global existing infrastructure to serve the marine industry and the best energy density, concluded Titan LNG.

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Source: Titan LNG

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