Italy´s shipowner Fratelli Cosulich Group, fully controlled by the Cosulich family, orders its first methanol dual-fueled bunker tanker backed by a long-term time-charter to TFG Marine.
The company placed an order for its first methanol dual-fueled chemical bunker tanker.
The 7,990 dwt chemical vessel will be built at Taizhou Maple Leaf Shipbuilding in China. With a capacity of over 8,000 m3, its cargo tanks will be coated to enable carrying both green methanol and biofuels.
The vessel will be delivered in the last quarter of 2025 and will be located at the Port of Singapore under a fixed-rate time charter contract with global commodities trader Trafigura.
It will be deployed to deliver marine fuels for TFG Marine, Trafigura’s international marine fuel supply and procurement joint venture with shipowning companies Frontline Ltd and Golden Ocean Group.
As it is reported, Fratelli Cosulich Bunkers Singapore will oversee the technical management and operations of the vessel for TFG Marine.
Guido Cardullo, marine energy head of business development of Fratelli Cosulich Group, said: “We believe in a multi-fuel future and this is an additional important step by our Group in that direction, after having built two LNG bunker vessels. With this important investment, the Group wants to reaffirm its commitment to decarbonisation. We are also proud of strengthening our relationship with the Trafigura Group, a market leader in the global commodities industry.”
Kenneth Dam, TFG Marine’s global head of bunkering, noted: “The vessel has been designed to our technical specifications, including stringent safety considerations, so that it can be continually powered by methanol. Delivery of the vessel in the last quarter of 2025 should coincide with growing demand for methanol as a bunker fuel from shipowners.”
“Deploying a vessel powered by a renewable fuel such as green methanol also helps TFG Marine to meet its license requirement with and TFG’s commitment to the Maritime and Port Authority of Singapore (MPA).”
The vessel will have twin fixed pitch propellers, each driven by an electrical motor via gear box, and three dual-fueled generator sets supplied by MAN Energy Solutions. An onboard battery storage system will optimize the use of the dual-fueled generators.
