Cryopeak LNG Solutions Corporation and Island Tug & Barge (ITB) shake their hands and inked a MoU in order to deliver LNG bunkering services in Southwest British Columbia, Canada.
Through their signed agreement, both sides goal to boost LNG bunkering in Western Canada by allowing shipping companies to secure a lower cost and a more environmentally sustainable fuel source.
We are excited to partner with Island Tug & Barge to combine ITB’s marine operations expertise with Cryopeak’s expertise in LNG distribution and project development. We look forward to developing this initiative and supporting the use of LNG as a marine fuel on the West Coast.
….Calum McClure, CEO of Cryopeak marked.
In light of the above, collaborators have already developed a design for a 4,000 m3 articulated tug and barge (“ATB”) which is planned to be fully operational in 2023.
Following their initiative. partners aim to leverage one of ITB’s tugs designed and built in Vancouver to deliver LNG as a fuel to shipping companies calling to ports on the West Coast.
This initiative supports the Port of Vancouver in joining other leading ports globally in offering LNG bunkering services.
….Calum McClure added.
At the same time, Cryopeak has also engaged with local First Nations so as to explore new business opportunities concerning the project.
Among others, the Canadian LNG distributor is closely working with ABS. “We are proud to be able to add this exciting project to that list”…said John McDonald, ABS Senior Vice President, Global Business Development.
