The company has contracted Norwegian shipbroker Fearnleys to run the tender for a new 8,000 cubic metre bunker barge, Titan Hyperion.
At the recent ARACON conference in Rotterdam, Titan LNG’s Michael Schaap told delegates that a final investment decision on the barge would be the taken before the end of the year, and today the company said that the technical and economic feasibility assessment had now been finalised.
The new LNG-fuelled barge will enter service in 2021 and, says Titan LNG, will address the ‘fast-growing market segment of larger ocean-going LNG fuelled vessels calling the Amsterdam-Rotterdam-Antwerp region.’
The Titan Hyperion will join the company’s FlexFueler barges in delivering LNG as a marine fuel and will also serve as a mothership to supply these two vessels. The new barge will be 135 metres long and 19 metres wide and will be among the larger inland waterway barges trading in the ARA region.
Commenting on the decision to go-ahead with the new barge, 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.
‘Our design will enable Titan LNG to efficiently, safely, and cost effectively deliver larger parcels of the cleanest marine fuel. The Titan Hyperion will be ideal for servicing large tankers, cruise, container and offshore vessels.’