DUBAI, UAE – July 30, 2025 – Hercules Tanker Management (HTM), a prominent global tanker owner and operator, has announced the official integration of the HTM Grenadier into its expanding handy fleet. This strategic addition enhances HTM’s operational capabilities across its diverse vessel types and underscores its steadfast commitment to sustainable shipping, with the vessel already operating on BioMGO in the Mediterranean.
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New Handy Vessel Bolsters Strategic Operations and Sustainability
The HTM Grenadier, a 37,583 DWT Handy-type product tanker, built by Hyundai Mipo in South Korea, has officially joined the HTM family. Flying the French flag with an impressive LOA of 184.33 meters, the vessel has immediately commenced operations across the vital Mediterranean and UK Continent routes, strengthening HTM’s comprehensive coverage and service delivery to its global clientele.
In line with HTM’s ongoing commitment to environmental stewardship and innovation, the HTM Grenadier began its service powered by BioMGO (Bio Marine Gas Oil) during its Mediterranean operations. This proactive adoption of advanced, lower-carbon fuels aligns seamlessly with HTM’s broader sustainability agenda and its pivotal role in accelerating the maritime industry’s energy transition. BioMGO, a blend of 30% biofuel with 70% conventional marine fuel, offers a viable “drop-in” solution to reduce lifecycle greenhouse gas emissions, requiring minimal modifications to existing vessel infrastructure.
Proactive Adoption of Biofuels and LNG, Aligned with Regulatory Imperatives
HTM’s commitment to alternative fuels is demonstrated through its continuous efforts in adopting and supplying both biofuel and LNG solutions. The company has a proven track record of successful biofuel bunkering operations across its fleet, often facilitated by its own bunker vessels. These proactive steps, developed in close partnership with Peninsula, a global leader in marine fuel supply, closely align with the accelerating regulatory momentum around maritime decarbonization from discussions at MEPC 83 and the mandates of the FuelEU Maritime Regulation, which promote the adoption of renewable and low-carbon fuels.
Strategic Fleet Modernization Across Diverse Segments
This latest fleet expansion is a significant step in HTM’s comprehensive fleet modernization program, which spans various vessel types including Deep Sea Tankers, SUB 20K DWT Product and Fuel Supply Tankers, and LNG bunker vessels. As previously announced, HTM is currently constructing six new 7,700 DWT IMO II Chemical Tankers at the Jiangmen Hangtong shipyard in China, with an option for an additional four. These “ultra-spec” newbuilds are designed to be methanol and biofuel-ready, featuring advanced diesel-electric power units that are battery-ready, projected to achieve a 20% reduction in emissions compared to conventional product tankers. Their twin-engine configuration, coupled with Schottel propulsion, will also significantly enhance maneuverability and safety during demanding ship-to-ship (STS) operations and loading procedures.
Leading the Charge in Alternative Fuels with Peninsula Partnership
HTM’s foresight in recognizing the increasing demand for alternative fuels like LNG and biofuels in shipping positions the company at the forefront of the industry. The global LNG-powered fleet, for instance, is projected to see significant growth in the coming years, a trend HTM is well-prepared to meet through its strategic investments in newbuilds, existing fleet upgrades, and dedicated LNG bunkering assets. This comprehensive approach, supported by Peninsula’s expanding physical supply network—including recent additions in Abu Dhabi, Jebel Ali, and Houston—underscores the powerful synergy between the two entities in driving the adoption of cleaner marine energy solutions.
Clients and industry stakeholders are encouraged to stay tuned, as HTM anticipates sharing news soon regarding the HTM Grenadier’s sister vessel, further solidifying the company’s position at the vanguard of sustainable and efficient maritime operations across its varied fleet segments and alternative fuel offerings.
Hercules Tanker Management in Brief
Hercules Tanker Management (HTM) is a leading tanker owner with a global presence, providing top-tier commercial management services to some of the world’s most prestigious charterers. HTM’s managed fleet consists of over 65 vessels, ranging from conventional bunker barges to deep-sea product carriers, reflecting the company’s broad operational reach and diverse service offering.
With professionalism and safety as core values, HTM strives to deliver market-leading commercial management services to its blue-chip partners. The company’s role as an owner, charterer, and manager of vessels positions HTM as a prominent player in the global freight market.
HTM’s roots in the bunkering industry, with nearly 30 years of experience as a global physical supplier and reseller, have endowed the company with a deep understanding of the shipping and freight sectors. This legacy forms the foundation of HTM’s mission to be a leading freight trader in the market.
Hercules Tanker Management believes that “Shipping Matters. Energy Matters. Hercules Matters.” This guiding principle drives the company’s commitment to excellence in tanker management and freight trading.
Source Hercules Tanker Management