Titan adds fifth vessel to bunkering fleet

Titan will supply LNG and bio-LNG with the Optimus, a bunker vessel with a capacity of 6,000 cbm, which will operate under Titan’s license in the ARA and Zeebrugge ports.

The addition of the Optimus will serve the Titan fleet alongside its other chartered and owned vessels such as FlexFueler001, FlexFueler002, Green Zeebrugge, and Coral Fraseri, all of which can deliver LNG and bio-LNG bunker stems going forward.

In June 2022, Titan LNG rebranded as Titan. The new name better reflects Titan’s commitment to delivering all the fuels that decarbonise shipping and industry in a substantial way, such as bio-LNG and any hydrogen-derived green fuel in the future.

Titan’s solutions include project planning, physical supply and delivery, as well as risk management and hedging services to mitigate price fluctuations.

Commenting on the rebrand, Niels den Nijs, CEO, Titan, said: “Today, liquified biomethane is the fuel of choice for many shipowners which provides a clear pathway into a carbon neutral future with the possibility to blend in hydrogen-derived e-methane when available. However, we recognise that decarbonization will require a range of solutions, and when other alternative fuels become available at scale, we are ready to add them into our supply portfolio.”

Titan currently operates four LNG and bio-LNG supply vessels across Europe; two FlexFuelers, the Green Zeebrugge, plus regularly chartered vessels. The newbuild program, that consists of the Krios and Hyperion series, will join Titan’s expanding infrastructure in late 2024 on the back of the long-term contracts in place.

Titan will only produce, source, and supply carbon neutral products that originate from second generation residues or renewable electricity to produce hydrogen from electrolysis, e-fuels, including hydrogen-derived e-methane, green methanol, and green ammonia. Engine manufacturers are designing and building dual or multi-fuel engines that are, or will be, capable of using many of the future fuels being considered. This protects the capital investments made by vessel owners today and reduces future fuel risks, regardless of whether technologies change or not.

The Titan rebrand follows the news that, in partnership with Attero and Nordsol, Titan has recently been awarded €4.3 million in funding for a liquified biomethane production plant in Wilp, the Netherlands. The FirstBio2Shipping project, set to be completed in 2023, will achieve a decentralised production of liquified biomethane designated for use in the maritime industry. More liquified biomethane projects are underway, as well as hydrogen derived e-methane projects that are nearing final investment decision.