Titan LNG Inks LNG Bunker Supply Contract with AMS

by Ship & Bunker News Team
Friday April 21, 2017

Titan LNG today announced that it has signed a two-year contract with Amulet Management & Services (AMS) for the supply of bunkers to the LNG-fuelled vessels MS Green Rhine and MS Greenstream.

"We have worked with Titan now for over a year and have selected them as long term supplier based on their strong track record in safety and solid delivery operations," said Ton van der Molen, Director at AMS.

The contract is said to mark the first bunkering supply contract for the FlexFueler, Titan LNGs LNG bunkering pontoon, which will be operational from mid-2018.

As Ship & Bunker has reported, bunkering pontoon is intended to supply inland waterway vessels from a fixed location, but can also be moved to supply larger sea-going vessels unloading or loading their cargo, thereby minimising costs and enhancing operational efficiencies.

"We are very pleased with the FlexFueler project and think it is the best way to kick start the LNG bunkering market," said Igor Jansen, Director at AMS, Zwijndrecht.

"By running on LNG, we are not only operating economic and future proof vessels, but we are also ensuring that we play our part in reducing greenhouse gas emissions and more importantly reducing local emissions."

Niels den Nijs, Commercial Director at Titan LNG, commenting on the development, said: "although the LNG bunkering market is already maturing and is moving towards a spot market, some vessel operators choose to contract their supply with experienced parties such as Titan LNG. Due to our indexed pricing structure, customers have a guaranteed, competitive cost base."

In January, Titan LNG announced that it had been awarded €500,000 ($534,345) by the Province of North-Holland to support the construction of its the FlexFueler.