Italy based Fratelli Cosulich has christened and launched its second small scale LNG carrier on June 26 at the Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd shipyard in China.
The vessel has been named Paolina Cosulich and will sail under the Italian flag with Captain Vincenzo Scotto, while the ship’s delivery is scheduled for the first quarter of 2024.
The 5,300 deadweight LNG Carrier can carry 8200 m3 of LNG and 500 m3 of MGO and will be fitted with Wartsila’s Dual Fuel technology, which is used in many marine propulsion and power production systems.
The most efficient ‘boil off’ management techniques will be offered by the LNG subcooling plant, completely eliminating any potential environmental effects and minimizing cargo losses.
This investment was carried out thanks to a collaboration between public and private financial institutions, including Crédit Agricole, BPM, UNICREDIT and Cassa Depositi e Prestiti and with the contribution of SACE, which recognized the strategic importance of this project for the Italian economy.
As the project is contributing to the decarbonisation of maritime transport through the implementation of LNG bunkering solutions in the Mediterranean Sea, it has been awarded a grant of Euro 4 million by the European Union.
This grant is under the Connecting Europe Facility programme, with Cassa Depositi e Prestiti acting as the European Commission’s “implementing partner”.