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TFG Marine to lease 4 new methanol bunker barges from Consort Bunkers
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TFG Marine to lease 4 new methanol bunker barges from Consort Bunkers
Jul 29, 2024 4:29 AM

July 29 (Reuters) - TFG Marine, a marine fuel supplier

majority owned by commodities trader Trafigura, said

on Monday it signed a long-term agreement with Consort Bunkers

to charter four new barges that can deliver various low-carbon

fuels to ships.

The shipping sector is striving to meet decarbonisation

targets by using low-carbon fuels ranging from biofuels to

methanol and ammonia to reduce emissions.

TFG Marine is one of the top three bunker fuel suppliers in

Singapore, the world's top refuelling port. It will take

delivery of the four 6,500-deadweight ton IMO type 2 tankers in

late 2024 and into 2025, it said in a statement.

These barges will form part of TFG Marine's ongoing efforts

to renew its fleet to carry low-carbon fuels that will help

shipping to decarbonise, said Kenneth Dam, TFG Marine's global

head of bunkering.

"We see a multi-fuel future for our industry, with methanol,

biofuels, ammonia, and more all playing a role alongside

traditional marine fuels in meeting the goals of the Paris

Agreement," he said.

The vessels will be capable of carrying conventional marine

fuels and biofuels up to B100, as well as any grade of liquid

methanol in the future, TFG Marine said.

These tankers will be equipped with Mass Flow Meters (MFM)

to accurately measure bunker flows for transparency, it added.

In January, TFG Marine agreed to lease a methanol dual-fuel

bunker barge being built by the Fratelli Cosulich Group to be

delivered in late 2025 for marine fuel sales at the Singapore

port.

Other partners in TFG Marine include shipowners Frontline ( FRO )

and Golden Ocean ( GOGL ).

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