Netherlands-based maritime liquified natural gas (LNG) bunkering company Titan LNG on Monday (20 July) said it has been granted EUR 11 million (USD 12.6 million) funding from the EU’s Connecting Europe Facility (CEF), the EU’s grant scheme supporting transport infrastructure, connectivity and the switch to greener fuels for transport.
The funding is for Titan LNG’s project Bio2Bunker that develops and expands a (Bio)-LNG (BLNG) bunkering supply chain by introducing three bunker barges in Zeebrugge, Rotterdam, and Lübeck, it said.
The bunker barges in Belgium and Germany will be similar to its two existing FlexFuelers with demonstrated operational advantages.
For the Amsterdam-Rotterdam-Antwerp region the company said it will construct a mothership, the Titan Hyperion that will resupply its FlexFuelers.
The company added its customers in the shipping sector are facing a choice for the future: run on MGO, HFO with scrubbers, or go for (bio)LNG, the only proven alternative fuel that is scalable right now.
Titan LNG said it believes that LNG-fueled ships are future proof as LNG combined with BLNG and later Synthetic Liquefied Gas (SLG), made by combining green hydrogen and CO2, offer a credible and cost competitive path to decarbonization whilst immediately improving local air quality.
Photo credit: Titan LNG
Published: 21 July, 2020
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.