Netherlands-based maritime liquified natural gas (LNG) bunkering company Titan LNG on Wednesday (4 November) completed the signing ceremony for funding from the EU’s Connecting Europe Facility (CEF) for its “Bio2Bunker” project.
An earlier release from the company stated the CEF funding is worth EUR 11 million (USD 12.6 million).
CEF is the EU’s grant scheme supporting transport infrastructure, connectivity and the switch to greener fuels for transport.
Titan LNG’s “Bio2Bunker” project aims to develop and expands a (Bio)-LNG (BLNG) bunkering supply chain in the EU.
“We have kickstarted the preparations for our Bio2Bunker project to expands the BioLNG and E-LNG bunkering supply chain by introducing three bunker barges in Rotterdam, Zeebrugge, and Lübeck,” said Titan LNG.
“We thank all our partners and customers for supporting the application. Moreover, a special thanks to the representatives of the Innovation and Networks Executive Agency (INEA) of the European Commission for the pleasant and smooth cooperation in finalizing the agreement.”
Photo credit: Titan LNG
Published: 5 November, 2020
The newly launched Code of Best Practices – Commodity Financing guidelines will be the new ‘reference point’ taken by banks when considering to give trade finance to trading houses, believes Ian Teo.
Captain Daknash Ganasen, Senior Director (Operations & Marine Services), MPA, provides direction on what should players do when providing bunker fuel to a COVID-19 infected ship, and more.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.