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Growing demand & availability of LNG as marine fuel in North West Europe

Titan LNG has agreed with Japanese shipping and logistics company NYK Line to charter the dedicated LNG bunker vessel, Green Zeebrugge. Previously known as the ‘Engie Zeebrugge’, NYK renamed the vessel the ‘Green Zeebrugge’ after becoming the sole owner of the vessel. The Green Zeebrugge is added to two already operational barges (FlexFueler’s 001 and 002) and will provide better loading economics for Titan LNG.

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 chilled fuel cargo capacity of 5,200 cubic meters, the chartering increases the delivery promise of Titan LNG significantly.

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, this charter will increase the accessibility and thereby the uptake of LNG as a marine fuel, as the cleanest available fuel today. Titan LNG supports shipowners in taking active steps to meeting 2030 and 2050 emissions targets with (bio) LNG and other emission reduction strategies.

“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,” added Schaap.

With the anticipated further acceleration of LNG bunkering demand, Titan LNG is taking bold steps to realize the needed infrastructure in European ports. A variety of LNG bunker vessels enables the use of LNG as a marine fuel to grow quickly. The Titan LNG Hyperion, the 8,000 cbm vessel that is nearing Final Investment Decision, will be extra proprietary capacity that will be available early 2023. Titan LNG expects to have the largest network of LNG bunkering vessels in Europe by 2025.

Moreover, Titan LNG soon will supply bio-LNG which can be dropped in and blended with LNG using existing infrastructure and engine technology.

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