The Dutch service supplier of liquefied natural gas, Titan LNG has contracted Fearnleys, a Norwegian shipbroker, to run the tender process for a newbuild LNG bunker barge.
The technical and economic feasibility assessment has been finalized by the Titan LNG newbuilding team.
The Titan Hyperion will be the third barge that the independent LNG bunker supplier Titan LNG will operate. This will result in increased security of LNG supply in the ARA region, the company said in its statement.
Powered by LNG, the barge will carry 8000 cubic meters of LNG to service LNG fuelled ships and will be operational in 2021. The barge measures 135 meters in length by 19 meters in width and will be among the larger inland waterway barges trading in the ARA region.
The Titan Hyperion addresses the fast-growing market segment of larger ocean-going LNG fuelled vessels calling the Amsterdam-Rotterdam-Antwerp region.
Ronald van Selm, CTO Titan LNG said, “In the design, we have incorporated four years of lessons learned from LNG bunkering, including the FlexFueler barges and the largest LNG bunkering transfers using small scale LNG carriers in the world.”
The Titan Hyperion will mirror the conventional bunkering supply chain and is the result of extensive interactions with customers that identified the need for more economic LNG bunkering solutions than the seagoing (bunker) ships in use today, Titan LNG said.
On top of executing larger bunker operations, the barge will also serve as the mother ship to fill the FlexFueler’s, thereby enabling higher utilization of all Titan LNG’s assets.