TFG Marine signs charter with Consort Bunkers for new methanol-ready tankers

In Singapore, TFG Marine, a marine fuel joint venture founded by Trafigura, Frontline, and Golden Ocean, has signed a long-term time charter agreement with Consort Bunkers for four newbuild methanol carriage-ready bunker tankers.

The 6,500-dwt IMO type 2 tankers are being built by Merchants Jinling shipyard in Nanjing, China. Operated by Consort Bunkers for TFG Marine, the deliveries will begin in late 2024 and continue into 2025. These vessels will carry TFG Marine’s current range of marine fuels and be ready for future liquid methanol transport.

“This agreement is part of TFG Marine’s ongoing efforts to renew our fleet with modern, Mass Flow Meter-equipped bunker barges ready to carry low-carbon fuels,” 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 having a role to play alongside traditional marine fuels in meeting the goals of the Paris Agreement.”

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