Fratelli Cosulich Celebrates 150 Years in Shipping

Fratelli Cosulich is celebrating 150 years in shipping during 2007. The Euro600m turnover global group began as a shipowner in 1857 and today has diversified interests in shipowning, liner, tramp, yacht and cruise agency, ship management, bunkering, freight forwarding and NVOCC, travel agency, trading and IT. The group employs about 350 people in six offices in Italy and 10 offices abroad. There are subsidiary companies fully controlled by the group in Hong Kong, Singapore, Switzerland, China, Turkey, UK, Ireland, Brazil and the USA.

After a long period of diversification in shipping-related businesses the group has recently returned to its roots in shipowning. Four 6,500 dwt product tankers have been ordered from the Chinese Sopo shipyard at Zhengjiang. The first two, the Maria Cosulich and the Teresa Cosulich, have been delivered, and the others are being completed and delivered in the course of 2007. The group has remained family-owned throughout its global expansion and today is run by five members of the Cosulich family. Callisto Gerolimich Cosulich, president of the company, supervising the activities of the group, Antonio Cosulich, vice president, runs the group's bunker activities, Andrea Cosulich is in charge of the ship-owning and ship-management activities. Augusto Cosulich is in charge of the agency departments, forwarding/NVOCC and trading and Matteo Cosulich is in charge of tourism, real estate and IT.