Fratelli Cosulich Develops Bunker Chain

Tuesday, June 12, 2007
Fratelli Cosulich has taken a further step in its strategy to become a fully fledged physical bunker supplier controlling the whole chain by taking delivery of the third of its new high capacity bunker tankers. The 6,500 dwt Emma Cosulich was delivered last week from China's Sopo shipyard at Zhengjiang and follows two similar vessels, the Maria Cosulich and the Teresa Cosulich, which are currently operating in the port of Singapore as bunker barges. Investment in the barges was the first step in extending control of the bunker chain.

Currently Fratelli Cosulich is negotiating storage facilities in Singapore and plans to buy full cargoes of bunker fuel from Middle East producers. The specifications for the new barges were to have a minimum useable size of 6,500 dwt, to ensure that they had sufficient capacity to regularly lift and deliver large stems, and also to make them flexible enough to be able to work as coastal tankers in Asia and European trades, if required. The barges are also fitted with stainless steel heating coils, which Cosulich says are essential even in Singapore for the delivery of 500cst fuel. The Emma Cosulich is 100 m loa, 7,029 dwt, has five pairs of cargo tanks and a slop tank totalling 7,565 cum served by two 850 cu m/h Tianjin cargo pumps. The twin Anqing Daihatsu main engines deliver 11 knots and there is space for a crew of 19.

Fratelli Cosulich started its bunker business 1969 and has developed through a worldwide network of supply, broking and trading offices. The teams in Hong Kong, Singapore and Tianjin provide complete coverage of the Far East markets while the other two bunker units, in Genoa and NewYork, cover Europe, Africa and the Americas. Fratelli Cosulich is a licensed physical supplier in Singapore and in Hong Kong, operating via own and chartered barges.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

News

France's Oldest Nuclear Plant Shut Down After Incident

  France's oldest nuclear power plant, Fessenheim, was shut down on Saturday following an incident at the facility away from the reactor which did not pose any danger, operator EDF said.

OMV CEO Warns Against More Russia Sanctions

Europe should avoid more sanctions against Russiaover its role in Ukraine and continue to pursue dialogue with Moscow, the chief executive of OMV , the longest-standing

Ukraine Calls "Easter Truce" As Separatists Hold Firm

The Ukrainian government said it will not attack pro-Russian separatists over the Easter weekend as its U.S. ally threatened Moscow with new sanctions if it

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1193 sec (8 req/sec)