Connect with us

Alternative Fuels

Titan acquires two small scale LNG carriers for bunkering capability retrofit

Vessels will be retrofitted to ensure suitable LNG bunkering capabilities, enabling them to both transport and bunker LNG, LBM, and in the longer-term e-LNG.

Admin

Published

on

post 55429

Independent supplier of low and zero-emission bunker fuels Titan on Tuesday (31 January) said it has acquired two small scale LNG carriers – Seapeak Unikum and Seapeak Vision – from Seapeak, the Canadian gas transportation company formerly known as Teekay LNG Partners. 

The vessels will be retrofitted to ensure suitable LNG bunkering capabilities, enabling them to both transport and bunker LNG, liquefied biomethane (LBM), and in the longer-term hydrogen derived e-methane (e-LNG). 

Both sister vessels have a cargo capacity of 12,000 cubic metres (cbm) and are 152m in length by 19.8m in width. The two vessels will join Titan’s fleet in March this year. They will operate in the Mediterranean and Northwestern Europe and will cater for increased demand for LNG and LBM (bio-LNG) in these regions.

The vessels and the retrofit are financed by Sole Shipping Group through a long-term bareboat charter leasing structure. Sole Shipping Group is a major European provider of financial leasing structures. Titan was advised on this transaction by Endegeest Consulting BV.

Titan’s expanding fleet already includes a mix of owned and chartered vessels. Furthermore, Titan has an ambitious newbuild program consisting of Titan Krios and Titan Hyperion designs. The two new additions to the fleet allow Titan to deliver fuel to a wider range of LNG-powered vessels, including all container ships. Before operations begin, the LNG carriers will be retrofitted to improve LNG bunkering capabilities and to meet Titan’s quality standards. After the upgrades, the vessels will be able to load at all major LNG terminals and perform ship-to-ship bunkering and loading operations.

Thanks to its cargo conditioning capabilities, the vessels are also capable of doing more complex projects, including gas-up cool-down operations and commissioning parcels. On top of this, the cargo tanks are made of stainless steel, making them compatible with propylene, ethylene, and ammonia. 

Douwe de Jong, fleet development director at Titan, said: “Retrofitting these ships so that they can trade and bunker LNG, LBM, and in the longer-term hydrogen derived e-methane, offers Titan even more flexibility in its clean fuel operations. The team is currently specifying the upgrades and finding a suitable shipyard for the retrofit work.” 

Niels den Nijs, owner and CEO of Titan, said: “A Solid double digit EBITDA in 2022 has allowed us to make this additional investment in our fleet. This decision aligns with Titan's ambitious growth strategy in Europe and the Mediterranean. We look forward to continuing to work with our partners, like Sole Shipping Group, to expand our fleet to support our LNG and LBM distribution targets and serve our customer’s long-term demand.”

The announcement of this vessel acquisition follows the recent news from Robert Habeck, vice chancellor of Germany and a member of the German green party, that Germany has granted a total of EUR 62 million to a partnership of three companies, including Titan, for the construction of the Titan Krios new build LNG bunker vessels.

 

Photo credit: Titan
Published: 31 January, 2023

Continue Reading

Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

Admin

Published

on

By

300

Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

Continue Reading

LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

Admin

Published

on

By

299

Editor's note: The following article was edited on 4 March 2023 to correct PTP press release's description of CMA CGM Monaco.

Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership a 2024-built vehicle carrier operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

Continue Reading

Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

Admin

Published

on

By

Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

Continue Reading
Advertisement
  • EMF banner 400x330 slogan
  • Consort advertisement v2
  • v4Helmsman Gif Banner 01
  • SBF2
  • Aderco advert 400x330 1
  • RE 05 Lighthouse GIF

OUR INDUSTRY PARTNERS

  • 102Meth Logo GIF copy
  • Singfar advertisement final
  • Triton Bunkering advertisement v2
  • HL 2022 adv v1


  • Energe Logo
  • pro liquid
  • SMS Logo v2
  • Cathay Marine Fuel Oil Trading logo
  • E Marine logo
  • endress
  • MFA logo v2
  • Victory Logo
  • Innospec logo v6
  • Golden Island logo square
  • 400x330 v2 copy
  • Advert Shipping Manifold resized1
  • Headway Manifold
  • VPS 2021 advertisement

Trending