Emma Cosulich News

Prepared by Shipping Intelligence, Inc., New York.

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.